""We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs. We're on track to deliver personal superintelligence to billions of people.""
""Meta expects total revenue for the second and current quarter to be in the range of $58 billion to $61 billion, compared with the average analyst estimate of $59.48 billion.""
""The company also updated its projected capital expenditures for the year to be in the range of $125 billion to $145 billion, increased from the previously announced range of $115 billion to $135 billion.""
Meta Platforms Inc. reported earnings of $26.77 billion for the first quarter, a 61% increase from the previous year. Revenue rose 33% to $56.31 billion, surpassing analyst expectations. CEO Mark Zuckerberg highlighted strong momentum and the launch of a model from Meta Superintelligence Labs. Daily active users slightly declined to 3.56 billion due to internet disruptions. Meta expects second-quarter revenue between $58 billion and $61 billion and raised its capital expenditure forecast to $125 billion to $145 billion, citing higher component pricing and data center costs.
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