
What you need to know
- Meta's Q2 revenue soared by 22% year-over-year to $47.52 billion, significantly exceeding expectations, driven largely by a 21% increase in AI-powered digital advertising revenue.
- CEO Mark Zuckerberg highlighted the company's chase for "personal super intelligence," backed by substantial investments in AI infrastructure.
- Despite continued losses in Reality Labs, strong sales of Ray-Ban Meta Smart Glasses and Meta Quest headsets brought in $370 million in revenue, 5% more than the $353 million of Q2 2024.