Q2 25 EPS
$7.14
BEAT +20.97%
Est. $5.90
Q2 25 Revenue
$47.52B
BEAT +5.98%
Est. $44.84B
vs S&P Since Q2 25
-35.3%
TRAILING MARKET
META -21.3% vs S&P +14.0%
Market Reaction
Did META Beat Earnings? Q2 2025 Results
Meta Platforms delivered a blowout second quarter, posting revenue of $47.52 billion, up 21.6% year-over-year and ahead of the $44.84 billion consensus by nearly 6%, while diluted EPS of $7.14 beat the $5.90 estimate by more than 20%. The primary eng… Read more Meta Platforms delivered a blowout second quarter, posting revenue of $47.52 billion, up 21.6% year-over-year and ahead of the $44.84 billion consensus by nearly 6%, while diluted EPS of $7.14 beat the $5.90 estimate by more than 20%. The primary engine was advertising, where a simultaneous lift in both volume and pricing, an 11% rise in ad impressions alongside a 9% increase in average price per ad, drove advertising revenue to $46.56 billion and pushed the company's operating margin to 43%, up from 38% a year ago. Family daily active people reached 3.48 billion, reinforcing the audience scale that underpins that ad pricing power. Meta's aggressive AI infrastructure buildout, reflected in $17.01 billion of capital expenditures in the quarter alone, compressed free cash flow to $8.55 billion but signals the company's conviction in the technology; full-year capex guidance was narrowed to $66 to $72 billion. Looking ahead, Meta guided Q3 2025 revenue to $47.50 to $50.50 billion, though management flagged EU regulatory pressure around its advertising products as a potential revenue headwind as early as next quarter.
Key Takeaways
- • Ad impressions increased 11% year-over-year
- • Average price per ad increased 9% year-over-year
- • Family daily active people grew 6% year-over-year to 3.48 billion
- • Revenue grew 22% year-over-year on both reported and constant currency basis
- • Operating margin expanded to 43% from 38% in the prior year quarter
- • Total costs and expenses grew 12% year-over-year, slower than revenue growth
META YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
META Revenue by Segment
With YoY comparisons, source: SEC Filings
“We've had a strong quarter both in terms of our business and community. I'm excited to build personal superintelligence for everyone in the world.”
— Mark Zuckerberg, Q2 2025 Earnings Press Release
META Earnings Trends
META vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
META EPS Trend
Earnings per share: estimate vs actual
META Revenue Trend
Quarterly revenue: estimate vs actual
META Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $6.66 | $10.44 | +56.79% | $56.31B | +1.36% |
| Q4 25 BEAT FY | $8.22 | $8.88 | +8.00% | $59.89B | +2.43% |
| FY Full Year | — | $23.49 | — | $200.97B | — |
| Q3 25 BEAT | $6.70 | $7.25 | +8.20% | $51.24B | +3.75% |
| Q2 25 BEAT | $5.90 | $7.14 | +20.97% | $47.52B | +5.98% |
| Q1 25 BEAT | $5.22 | $6.43 | +23.11% | $42.31B | +2.30% |
| Q4 24 BEAT FY | $6.76 | $8.02 | +18.67% | $48.39B | +2.96% |
| FY Full Year | — | $23.86 | — | $164.50B | — |
| Q3 22 MISS | $1.89 | $1.64 | -13.23% | $27.71B | +1.12% |