Jim Cramer commented that Meta Platforms needs to perform better following its fiscal second quarter earnings, which he described as not a playoff season. Meta reported earnings per share of $6.18, missing analyst estimates of $7.22 and marking a 13.4% annual drop, while free cash flow fell to $784 million from $8.6 billion a year earlier. The company's shares closed 7.9% lower on July 30 after the report but have since risen 9.4%. Cramer noted that while Meta still has skills that make it worth owning, the quarter did not meet expectations amid debate over its aggressive AI capital expenditure.
