Meta Platforms Q2 Revenue $60.8 Billion, Up 28%; Adjusted EPS $6.18

Total costs and expenses in the second quarter included $2.4 billion in legal-related costs and $1.18 billion in severance expenses. Excluding these one-time items, adjusted operating profit was $22.355 billion, up more than 9% year over year, with an adjusted operating margin of 36.77%.

In user data, Instagram daily active users reached 2 billion, and Threads monthly active users surpassed 500 million. Facebook daily active users have consistently exceeded 2 billion. WhatsApp set a peak record of 30 million messages per second during the World Cup final. Nine million small and medium-sized businesses on Meta's platform use at least one AI-powered ad creative tool. After integrating Muse Spark, Meta's AI assistant saw a 60% increase in daily interactions, with continued rapid week-over-week growth.

In the second quarter, other revenue from the family of apps reached $1 billion for the first time, up 73% year over year, driven primarily by WhatsApp, paid messaging, and subscription services. Reality Labs benefited from strong growth in AI glasses, partially offset by a decline in Quest headset sales.

Regarding rumors of launching a public cloud service, management only hinted at it as a future option.