Facebook (Meta) reported first-quarter profit more than doubled to $12.37 billion, with revenue rising 27% to $36.46 billion. However, shares dropped in after-hours trading following lukewarm revenue guidance.
Meta Platforms Inc. earned $12.37 billion, or $4.71 per share, up from $5.71 billion, or $2.20 per share, in the same period last year. Revenue increased 27% to $36.46 billion.
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