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Android Central
Android Central
Technology
Michael L Hicks

YOU WONT BELIEVE: Meta q2 2024 earnings call highlights ai successes and a 50 billion problem - What They Never Told You

Meta Mark Zuckerberg Reality Labs Susan Li Facebook
The Meta sign at the company campus at 1 Hacker Way.

What you need to know

  • Meta earned $39 billion in revenue this quarter, a 22% YoY increase and its second-biggest quarter ever.
  • 3.27 billion people now use Meta apps daily, while Threads has grown to 200 million users.
  • Meta CEO emphasized the continued focus on investing billions in AI and Reality Labs to keep up with competitors.
  • Reality Labs R&D now totals $50 billion since Meta began tracking this data in earnings reports.
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