Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales

Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast pointing to a second consecutive decline in year-over-year sales. The shares slipped in extended trading.

Here’s how the company did:

• Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv
• Revenue: $28.82 billion vs. $28.94 billion expected, according to Refinitiv
• Daily Active Users (DAUs): 1.97…