Meta Platforms Inc.Meta reports 27% ad revenue growth and strong Q3 guidance, driven by AI ad tools.
Meta Platforms reported second-quarter 2026 advertising revenue of $59.4 billion, up 27% year over year, driven by AI-powered ad tools and strong user engagement across its family of apps. Ad impressions rose 14% and average price per ad increased 12%, while daily active users reached 3.6 billion. The company's Advantage+ AI advertising solutions surpassed a $75 billion annual revenue run rate, and more than 9 million small businesses now use at least one of Meta's AI-powered ad creative tools. Meta expects third-quarter 2026 revenue between $61 billion and $64 billion. Competitors Reddit and Snap also reported ad revenue growth in the same quarter, with Reddit up 64% to $762 million and Snap up 9% to $1.28 billion.
Meta Platforms Inc.Meta reports 27% ad revenue growth and strong Q3 guidance, driven by AI ad tools.
Reddit, Inc.Reddit's ad revenue grew 64% to $762 million, mentioned as a competitor with strong growth.
Snap IncSnap's ad revenue grew 9% to $1.28 billion, mentioned as a competitor with growth.