Meta Platforms Inc. reported impressive first-quarter earnings, with a 35% increase in net income, attributable to robust advertising revenue across its platforms. The company earned $16.64 billion, surpassing analysts' expectations. Revenue rose 16%, reaching $42.31 billion. Meta also forecasted revenue growth for the upcoming quarter and raised its 2025 capital expenditure estimates, reflecting ongoing investments in AI and infrastructure. CEO Mark Zuckerberg noted the company's progress in AI technologies, further supported by the launch of a standalone AI app. Post-announcement, Meta's stock experienced a 4.4% increase in value during extended trading.
Metaâs strong Q1 results show a significant 35% increase in earnings, driven by robust advertising revenue despite economic uncertainties. The company is optimistic for future growth.
CEO Mark Zuckerberg highlighted the progress on AI initiatives, including Meta AI which has seen nearly 1 billion monthly active users, indicative of growing engagement.
Analysts view Meta's raised guidance for revenue and capital expenditures as a bullish sign, as it reflects confidence in operational stability amidst economic challenges.
Metaâs stock surged 4.4% in after-hours trading following its quarterly earnings report, marking a resilient performance in a year where the stock is down 8%.
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