Meta Q2 Revenue Smashes Wall Street's Estimates In 10th-Straight Earnings Beat

1. Meta's Q2 revenue hit $47.5 billion, exceeding expectations by nearly $3 billion. 2. Earnings per share reached $7.14, significantly above Wall Street's $5.88 forecast. 3. This marks Meta's 10th consecutive quarter of profit beats due to AI investments. 4. Meta reduced its capital expenditure estimate, indicating ongoing commitment to AI growth. 5. Stock has risen 17% this year amid positive market sentiment following earnings.