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Meta revenue booms 28% to $60 bn in Q2, but takes $2.4 bn charge for legal cases
Meta posted Q2 revenue of over $60 billion, a 28% year-on-year increase, continuing its run of strong financial performance. However, the company took a $2.4 billion charge related to legal proceedings and an additional $1.18 billion hit tied to layoffs, denting its bottom line. The results show Meta's advertising business remains dominant even as the company faces mounting legal and restructuring costs.
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