๐ธ Meta Q2 2026: revenue up 28% to $60.8B but net income fell 14% on AI spending surge
Meta posted Q2 2026 earnings with revenue of $60.8 billion, up 28% year-over-year, but net income dropped 14% to $15.85 billion as total expenses surged 55%. The hit came from $2.4B in legal charges, $1.18B in severance costs, and ballooning AI investment. Investors are increasingly asking: when does big tech AI spending actually pay off?
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