10-QPeriod: Q2 FY2025

Meta Platforms, Inc. Quarterly Report for Q2 Ended Jun 30, 2025

Filed July 31, 2025For Securities:META

Summary

Meta Platforms, Inc. (META) reported strong financial performance for the second quarter and the first half of 2025, demonstrating robust revenue growth driven by its Family of Apps (FoA) segment. Total revenue increased by 22% year-over-year to $47.52 billion for the quarter, and by 19% for the first six months to $89.83 billion. This growth was primarily fueled by a 21% increase in advertising revenue, attributed to higher ad impressions and an improved average price per ad. Income from operations also saw a significant uplift of 38% year-over-year for the quarter. The company continues to invest heavily in its AI initiatives and the Reality Labs (RL) segment, which incurred an operating loss of $4.53 billion for the quarter. Despite these investments, Meta Platforms maintained strong profitability in its core advertising business. The company also returned substantial capital to shareholders through share repurchases and dividend payments, while managing its cash position effectively. Investors should note the ongoing legal and regulatory scrutiny, particularly concerning data privacy and competition, which could pose future risks.

Financial Highlights

48 data points
Beta

Revenue

$47.52B

82.1% Gross Margin

Net Income

$18.34B

38.6% Net Margin

EPS (Diluted)

$7.14

Total Assets

$294.74B

Cash & Equivalents

$12.01B

Free Cash Flow

$9.02B

Financial Statements
Beta
Revenue$47.52B
Cost of Revenue$8.49B
Gross Profit$39.02B
R&D Expenses$12.94B
Operating Expenses$27.07B
Operating Income$20.44B
Net Income$18.34B
EPS (Basic)$7.28
EPS (Diluted)$7.14
Shares Outstanding (Basic)2.52B
Shares Outstanding (Diluted)2.57B

Key Highlights

  • 1Total revenue reached $47.52 billion for Q2 2025, a 22% increase year-over-year.
  • 2Income from operations grew by 38% year-over-year to $20.44 billion in Q2 2025.
  • 3Family of Apps (FoA) revenue increased by 22% year-over-year to $47.15 billion in Q2 2025.
  • 4Reality Labs (RL) segment reported an operating loss of $4.53 billion for Q2 2025, with continued significant investments expected.
  • 5Diluted Earnings Per Share (EPS) was $7.14 for Q2 2025.
  • 6Capital expenditures for Q2 2025 were $17.01 billion.
  • 7Meta Platforms repurchased $9.76 billion of its Class A common stock and paid $1.33 billion in dividends during Q2 2025.

Frequently Asked Questions

Meta Platforms reported total revenue of $47.52 billion for the second quarter of 2025, representing a significant 22% increase compared to the same period in 2024. This growth was primarily driven by its Family of Apps segment, with advertising revenue increasing by 21%.

The Reality Labs segment continues to incur operating losses, reporting a loss of $4.53 billion for the second quarter of 2025. This reflects the company's ongoing significant investments in virtual, augmented, and mixed reality technologies, with continued losses expected for the full year.

During the second quarter of 2025, Meta Platforms repurchased $9.76 billion of its Class A common stock. Additionally, the company paid $1.33 billion in dividends and dividend equivalents, demonstrating a strong commitment to returning capital to shareholders.

Meta's advertising revenue is driven by increases in ad impressions and average price per ad. The company cited ongoing improvements in ad targeting and measurement tools, along with strong demand from verticals like online commerce, as key drivers for the revenue growth. However, it also noted potential headwinds from regulatory changes and platform provider policies impacting data signals.