Meta reports Q2 results with double-digit revenue, net income increase


SAN FRANCISCO, July 26 (Xinhua) -- U.S. social media giant Meta Platforms, Inc., on Wednesday reported financial results for the second quarter ending June 30, with a total quarterly revenue of 32.0 billion U.S. dollars, an 11 percent increase year on year.

The company's quarterly net income increased to 7.8 billion dollars, up 16 percent from 6.7 billion dollars year on year. The diluted earnings per share for the quarter increased to 2.98 dollars from 2.46 dollars in the same period of 2022, said Meta based in Menlo Park, California.

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