The second quarter of the year saw a gain in revenue for Meta, the company that owns Facebook, Instagram, and WhatsApp. On the other hand, Facebook users who are part of Meta continued to grow in terms of both daily and monthly activity during this time.

In the second quarter of this year, Meta's revenue increased by 11% to $32 billion. Meta is the owner of Facebook, Instagram, and WhatsApp.

Meta released its financial statements for the months of April and June.

As a result, the company's sales during the second quarter of this year climbed by 11% over the same period last year, hitting $32 billion. As a result, the business reported its first double-digit sales growth rate since the final quarter of 2021. In the same time period in 2022, Meta generated $28.8 billion in sales.

The second quarter of this year saw a 16 percent increase in net profit for Meta, reaching $7.8 billion. The business recorded a $6.7 billion net profit during the second quarter of 2022.

Earnings per share for the corporation, which were $2.46 in the second quarter of 2022, increased to $2.98 in the equivalent period this year.

During this time, Facebook users who are part of Meta continued to grow in terms of their daily and monthly usage.

As of June, there were 2.06 billion daily active Facebook users, a 5 percent rise from the previous year. In the same time frame, the social networking site's monthly active members climbed by 3% to 3.03 billion.

'WE HAVE EXCITING ROADMAP'

Mark Zuckerberg, CEO of Meta, who shared his opinions in the announcement, said that the company had a successful quarter and that their applications continue to see high levels of interaction.

With Llama 2, Threads, Reels, new AI products, and Quest 3 launching this autumn, Zuckerberg is on the "most exciting roadmap" he's seen in a while. That they've been overworked.