Meta Q2 revenue up 28% to $60.8B; net income down 14% on 55% cost surge

Meta Platforms, Inc.

Diluted EPS $6.18, down 13% YoY; operating margin fell to 31% from 43%.
Costs and expenses $42.03B (+55% YoY) including $2.40B legal charges and $1.18B severance.
Ad impressions +14%, average price per ad +12%; Family DAP 3.60B (+3%).
Capital expenditures $31.08B; free cash flow $784M; cash and securities $90.26B.
Headcount 75,472 (-1% YoY); ~8,000 employees impacted by May 2026 reduction.

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