Meta books 28% more revenue but profit under pressure

Meta, the parent company of Instagram and Facebook, generated revenue of $60.8 billion in the second quarter of 2026, achieved, an increase of 28% compared with a year earlier. The growth was mainly driven by stronger advertising revenues, with artificial intelligence (AI) playing an increasingly important role in improving ad performance and developing new products. [&hellip The post Meta books 28% more revenue but profit under pressure appeared first on TechCentral.ie.