 Meta’s “year of efficiency” seems to be paying off. 

 The Facebook-parent company on Wednesday reported revenue of some $32 billion for its quarter ending in June, marking an 11% increase compared to the same period last year and beating Wall Street’s expectations. The results mark Meta’s second consecutive quarter of revenue growth after a brutal 2022, which was notable for revenue declines. 

 Meta shares jumped some 7% in after-hours trading immediately following the results. 

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Meta’s “year of efficiency” seems to be paying off. The Facebook-parent company on Wednesday reported revenue of some $32 billion for its quarter ending in June, marking a 11% increase compared to the same period last year and beating Wall Street’s expectations.{ai:summary}Meta, the parent company of Facebook, reported an 11% increase in revenue for the second quarter of the year, exceeding expectations and signaling a turnaround from a challenging 2022. The company's shares surged 7% in after-hours trading. #business

Meta stock climbs after company posts 11% revenue growth | CNN Business

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