Meta’s Q2 revenue jumps 28% YoY, while net profit declines 14% amid higher spending

California [US], July 30 (ANI): Meta Platforms reported a 28 per cent year-on-year increase in revenue for the second quarter of 2026, while its net income declined 14 per cent as higher costs and expenses weighed on profitability, as per the company’s financial statement.

The company posted revenue of USD 60.80 billion for the quarter ended June 30, 2026, compared with USD 47.52 billion a year earlier. Net income stood at USD 15.85 billion, down from USD 18.34 billion in the corresponding quarter last year.