Facebook parent company Meta beat out Wall Street expectations with an 11% year-over-year revenue increase in Q2.
The $32 billion quarter marks the company’s second consecutive quarter of positive revenue, just months after Meta CEO Mark Zuckerberg announced Meta’s so-called “year of efficiency.”
Financial analysts previously anticipated that Meta would pull in $31.08 in Q2.
As a result, Meta’s stock rose 4.8% to $14.45 per share during after-hours trading in response to the news.
