Meta's stocks surged on Wednesday following a report of robust first-quarter earnings, showcasing a 16% revenue increase and 37% growth in earnings per share. With actual earnings surpassing analyst estimates, Meta also noted a rise in daily active users and ad impressions. The company anticipates further revenue growth in Q2 and raised its capital expenditure guidance due to increased investments in AI infrastructure. However, it expressed concerns over potential EU regulations affecting its advertising model, which could pose challenges in the latter half of the year.
"We've had a strong start to an important year, our community continues to grow and our business is performing very well," said Meta founder and CEO Mark Zuckerberg.
The company also warned that a decision by the European Commission would "significantly" impact the business as soon as the third quarter of this year.
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