Meta Q2 2024: Revenue $39.1B (+22% YoY), EPS $5.16, raises FY capex guide to $37-40B

Meta Platforms, Inc.

2024-Q2 EPS reported $9.86 revenue$75,527,000,000

Revenue $39.07B (+22% YoY), net income $13.47B (+73%), diluted EPS $5.16 vs $2.98.
Family DAP 3.27B (+7%); ad impressions +10%, average price per ad +10%.
Q3 revenue guidance $38.5-41B; FY total expenses unchanged $96-99B.
FY capex raised to $37-40B (from $35-40B); expects significant capex growth in 2025 for AI.
Share repurchases $6.32B, dividends $1.27B; free cash flow $10.90B; headcount 70,799 (-1% YoY).

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