Meta Platforms surges in afterhours after delivering blowout Q2 results

Investing.com -- Meta Platforms surged in afterhours trading Wednesday after reporting upbeat guidance for the current quarter as Q2 results markedly topped analyst estimates as the tech giant’s deep push into AI continues to bear fruit.

Meta Platforms Inc (NASDAQ: META) was up 10% in recent afterhours trading.

For the three months ended Jun. 30, the company reported earnings of $7.14 a share on revenue of $47.52 billion. Analysts polled by Investing.com anticipated per-share income of $5.85 on revenue of $44.72B.

Family daily active people, or DAP, rose 6% to 3.48 billion in Q2 from a year earlier, topping estimates of 3.54 billion.

For the third quarter, the company guided for total revenue at the midpoint to be $49B, beating estimates for $46.14B.

"For fourth quarter revenue, we would expect our year-over-year growth rate in the fourth quarter of 2025 to be slower than the third quarter as we lap a period of stronger growth in the fourth quarter of 2024," the company said.

Full-year 2025, capital expenditures were expected in the range of $66B to $72B, narrowed from its prior outlook of $64B to $72B, driven by infrastructure costs and employee compensation.

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