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Meta Platforms reports upbeat guidance as Q2 results top estimates

Investing.com -- Meta Platforms reported Wednesday better-than-expected guidance after the social media giant's second-quarter results that topped Wall Street expectations, driven by a jump in advertising revenue.

Meta Platforms (NASDAQ:META) rose more than 5% in after-market trade following the report.

Facebook reported adjusted EPS $2.98 on revenue of $32 billion. Analysts polled by Investing.com anticipated EPS of $2.91 on revenue of $31.08B.

Advertising revenue rose 12% to $31.50B year-on-year in Q2 from the prior-year earlier.

Facebook daily active users, or DAUs, rose 5% to 2.06B, while monthly active people, or MAUs, rose 3% to 3.03B.

Looking ahead, the company said it expects third quarter revenue to be in the range of $32B to 34.5B, beating estimates for $31.2B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.