Meta Platforms, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Meta Platforms Q2 2026 Earnings Summary

Overview: Meta reported strong Q2 2026 results driven by AI-enhanced ad performance and user engagement across its Family of Apps. Daily active users reached 3.6 billion. Instagram hit 2 billion daily actives; Threads reached 500 million monthly actives. WhatsApp set messaging records. Key AI releases include Muse Spark 1.1 and Muse Image models. New Head of WhatsApp (Kunal Shah) appointed. Glasses lineup expanded with strong early sales.

Financial Highlights (All YoY Comparisons)

  • Total Revenue: $60.8 billion (+28%; +27% constant currency). Family of Apps revenue: $60.4 billion (+28%). Reality Labs revenue: $431 million (+16%, driven by AI glasses, offset by lower Quest sales).
  • Ad Revenue: $59.4 billion (+27%; +26% constant currency). Ad impressions +14% globally; average price per ad +12%.
  • Other Revenue (Family of Apps): First time reaching $1 billion quarterly (+73%, primarily WhatsApp paid messaging and subscriptions).
  • Expenses: $42 billion (+55%), including $2.4 billion legal charges and $1.2 billion severance (May 2026 headcount reduction). Employee count: ~75,000 (-3% QoQ).
  • Operating Income: $18.8 billion (-8% YoY); 31% margin. Excluding legal/severance: +9% YoY.
  • Net Income: $15.8 billion; EPS $6.18. Tax rate: 16%.

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Operator : Hello, and welcome to Meta's Second Quarter 2026 Earnings Conference Call. At this time, I would like to welcome everyone to Meta's Second Quarter 2026 Earnings Conference Call. And this call will be recorded. Thank you very much. Chad Heaton, Meta's Vice President of Finance, you may begin. Chad Heaton : Thank you. Good afternoon, and welcome to Meta Platform's Second Quarter 2026 Earnings Conference Call. Joining me today to discuss our results are Mark Zuckerberg, CEO; and Susan Li, CFO. Our remarks today will include forward-looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth in today's earnings press release and in our quarterly report on Form 10-Q filed with the SEC. We undertake no obligation to update any forward-looking statement. During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. The earnings press release and an accompanying investor presentation are available on our website at investor.atmeta.com. And now I'd like to turn the call over to Mark. Mark Zuckerberg : All right. Hey, everyone. Thanks for joining today. We had a strong quarter for our community and business with 3.6 billion people using at least one of our apps each day. We reached several milestones. Instagram reached 2 billion daily actives. Threads crossed

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