Q2 2023 Meta Platforms Earnings

  • Google ad revenue was $58.14 billion(+3.3% y/y) versus $57.45 billion(+2.06% y/y) estimate.

  • YouTube advertising revenue grew by 4.43% to $7.665 billion, above analyst’s estimate of $7.43 billion(or 1.22% y/y growth).

  • Revenue grew by 7% y/y to $74.6 billion, also above analyst’s estimate of $72.82 billion.

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