Meta's revenue increased in the second quarter

Meta, the owner of Facebook, Instagram, and WhatsApp, saw its revenue increase by 11 percent to $32 billion in the second quarter of this year. Meta announced its balance sheet for the April-June period. Accordingly, the company's revenue in the second quarter of this year increased by 11 percent compared to the same period last year, reaching $32 billion. The company reported a double-digit revenue growth rate for the first time since the last quarter of 2021. Meta had revenue of $28.8 billion in the same period of 2022. Meta's net profit also increased by 16 percent to $7.8 billion in the second quarter of this year. The company had reported a net profit of $6.7 billion in the second quarter of 2022. The company's earnings per share, which was $2.46 in the second quarter of 2022, reached $2.98 in the same period this year. The number of daily and monthly active users of Facebook, which is under the Meta umbrella, continued to increase during this period. Facebook’s daily active user count increased by 5 percent annually to 2.06 billion as of June. The social networking site’s monthly active user count increased by 3 percent to 3.03 billion in the same period. “We have an exciting roadmap” Meta CEO Mark Zuckerberg, whose views were included in the statement, stated that they had a good quarter and continued to see strong interaction in their applications. Zuckerberg emphasized that they have “the most exciting roadmap” he has seen in a while with Llama 2, Threads, Reels, new artificial intelligence products and Quest 3, which was released this fall.