TMTB: META QCOM CVNA ARM EBAY CTSH WDC First Takes
META +5%: Solid print with revs in line with bogeys but Op inc and Q3 rev guide better
META Q3 Guide:
$38.5 - $41B, better than bogeys looking for $40B at high end
Raises low end of range on capex and expect capex growth to be significant in 2025
META RESULTS: Q2
- Revenue $39.07B, +22% y/y, EST $38.34B
- Advertising rev. $38.33B, +22% y/y, EST $37.57B
- Family of Apps revenue $38.72B, +22% y/y, EST $37.76B
- Reality Labs revenue $353M, +28% y/y, EST $376.9M
- Other revenue $389M, +73% y/y, EST $344.6M
- Operating income $14.85B, EST $14.59B
- Family of Apps operating income $19.34B, +47% y/y, EST $18.69B
- Reality Labs operating loss $4.49B, +20% y/y, EST loss $4.53B
- Operating margin 38% vs. 29% y/y, EST 37.7%
- EPS $5.16 vs. $2.98 y/y, EST $4.72
- Ad impressions +10% vs. +34% y/y, EST +13%
- Average price per ad +10% vs. -16% y/y, EST +5.96%
- Average Family service users per day 3.27B, +6.5% y/y, EST 3.22B
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