Meta posted nice numbers for the June quarter with revenue surging 22% to $47.5 billion and net income up 36% to $18.3 billion. Earnings per share of $7.14 was also beat Wall Street’s expectations, as did daily active users rose to 3.48 billion.
“We’ve had a strong quarter both in terms of our business and community,” said Mark Zuckerberg, Meta founder and CEO. “I’m excited to build personal superintelligence for everyone in the world.” He elaborated on that concept in a somewhat alarming manifesto published earlier today on superintelligence — which Meta will use for the common good unlike its rivals.
“Meta’s vision is to bring personal superintelligence to everyone. We believe in putting this power in people’s hands to direct it towards what they value in their own lives,” he wrote. “This is distinct from others in the industry who believe superintelligence should be directed centrally towards automating all valuable work, and then humanity will live on a dole of its output.”
Meta shares popped by more than 10% after hours on the earnings, and after closing the day lower.
AI is consuming tech stocks as well as investments in AI which are hefty and have some investors antsy. Meta moderated its 2025 capital expenditure estimate a bit towards the lower end — which pleased Wall Street — to $62 billion-$74 billion vs the previous $64-$72 billion. The company is spending millions to hire top talent and said 2026 costs could accelerate.
Meta expects third quarter 2025 total revenue to be in the range of $47.5-$50.5 billion.
Zuckerberg will host a call with analysts at 5 PT.
MORE
