Meta Q2 earnings updates: Wall Street is bullish, eyeing AI opportunities with stock up 20% this year

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Updated

2025-07-30T14:02:45Z

  • Meta will report earnings for the second quarter after the closing bell on Wednesday.
  • Wall Street expects $44.3 billion in revenue for the quarter.
  • Heading toward the 5 p.m. ET call, analysts will be looking for info on capex plans and AI opportunities.

Meta Platforms will report its second-quarter results after the closing bell on Wednesday.

Wall Street is feeling mostly bullish heading into the results. Analysts are eyeing strong AI opportunities and growth in ad spend, but there’s some growing caution around high levels of capex and Meta’s recent hiring spree aimed at furthering its AI ambitions.

Analysts expect the Facebook parent to report $44.83 billion in revenue and earnings per share of $5.89.

Meta stock is up about 20% year-to-date through Tuesday’s close, putting it among the top performers in the Magnificent Seven cohort.

The earnings results will be released shortly after the 4 p.m. ET closing bell. The call with analysts is expected to start at 5 p.m. ET.

2025-07-30T14:00:30Z

Meta earnings expectations: Wall Street estimates EPS of $5.89

Second Quarter

  • Revenue estimate $44.83 billion
  • EPS estimate $5.89
  • Advertising rev. estimate $44.07 billion
  • Family of Apps revenue estimate $44.4 billion
  • Reality Labs revenue estimate $386 million
  • Other revenue estimate $502.4 million
  • Operating income estimate $17.24 billion
  • Family of Apps operating income estimate $22.16 billion
  • Reality Labs operating loss estimate $4.86 billion
  • Operating margin estimate 38.3%
  • Ad impressions estimate +6.91%
  • Average price per ad estimate +7.58%
  • Average Family service users per day estimate 3.42 billion

Third Quarter

  • Revenue estimate $46.21 billion
  • Capital expenditure estimate $17.78 billion

Full year

  • Total expenses estimate $114.01 billion
  • Capital expenditure estimate $67.79 billion

Source: Bloomberg data