Meta's strong Q1 performance saw a 16% revenue increase and a 37% rise in earnings per share, leading to a 4.1% uptick in stock value. With over 3.4 billion daily active users and increased ad pricing, the outlook appears positive. The company anticipates revenues between $42.5 billion to $45.5 billion for Q2 but is wary of potential regulatory impacts from the EU. Meta's actual earnings outperformed analyst predictions, cementing a strong start to the fiscal year amidst regulatory scrutiny.
"We've had a strong start to an important year, our community continues to grow and our business is performing very well," Meta founder and CEO Mark Zuckerberg said in a statement.
Meta said that it expects revenues in the second quarter to be in the range of $42.5 billion to $45.5 billion, reflecting confidence in its growth trajectory.
The company warned that a decision by the European Commission would "significantly" impact the business as soon as the third quarter of this year.
Meta reported a 16% increase in revenue and a 37% increase in earnings per share, surpassing analysts' expectations and indicating a robust performance in Q1.
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