Meta Platforms shares dropped nearly 8% after the company reported mixed second-quarter 2026 results, missing earnings estimates while slightly beating revenue expectations. Earnings of $6.18 per share missed the Zacks Consensus Estimate by 13%, while revenue beat by 1%, with the bottom line falling 13.4% year-over-year even as the top line grew 28%. Aggressive AI investments caused a 91% year-over-year plunge in free cash flow, and the Reality Labs unit's operating loss widened to $4.62 billion from $4.53 billion a year ago. For investors seeking exposure while mitigating single-stock risk, ETFs with Meta as a top-10 holding include Vanguard Communication Services ETF VOX, where Meta holds 20.31% of the fund, Global X PureCap MSCI Communication Services ETF GXPC at 19.50%, Communication Services Select Sector SPDR ETF XLC at 17.22%, and iShares Global Comm Services ETF IXP at 16.93%.
Meta Platforms Inc.Mixed Q2 results missed earnings estimates and free cash flow plunged 91% due to aggressive AI investments.