Meta profits shot up $7.7 billion in Q2

Mumbai: Meta profits shot up 16 per cent with $7.7 billion in the second quarter, said the company as it released its earnings report. Revenue saw an uptick of 11 per cent, standing at $32 billion.

In Q2, Meta’s ad impressions delivered across its Family of Apps increased by 34 per cent year-over-year and the average price per ad decreased by 16 per cent year-over-year.

Meta’s ad revenue stands at $31.5 billion in Q2 compared to $28.2 billion in the same quarter last financial year.