Meta profit misses estimates on higher costs Proactive uses images sourced from ShutterstockMeta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) missed second-quarter profit estimates on Wednesday, weighed down by a jump in costs including legal charges, even as revenue grew faster than expected. Operating income fell 8% to $18.8 billion, missing the $21.5 billion estimate, as costs and expenses jumped 55% to $42 billion. Daily active people came in at 3.6 billion, up 3% year-over-year but just shy of the 3.61 billion estimate. For the third quarter, Meta guided revenue of $61 billion to $64 billion, versus a $63.15 billion estimate. Full-year 2026 expenses are now expected to be $165 billion to $169 billion, raised to account for the second-quarter legal charges.