Meta Takes $2.4 Billion Charge for Legal Proceedings in Q2, Revenue Booms 28% to Over $60 Billion

By Todd Spangler

Todd Spangler

NY Digital Editor

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Meta continues to post soaring revenue, but the Mark Zuckerberg-led company took a big hit in the second quarter of 2026 related to legal proceedings and layoffs.

The company, the parent of Facebook and Instagram, said it took $2.4 billion in charges “related to legal proceedings” in Q2; it didn’t immediately respond to an inquiry about what those referred to. In addition, Meta’s bottom line was dinged by $1.18 billion in severance expenses in connection with the May 2026 layoff of about 8,000 employees amid its companywide shift to prioritize AI.

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