Meta Platforms Inc. exceeded earnings expectations for the first quarter, reporting earnings of $16.64 billion, or $6.43 per share, which is a significant 35% increase from the previous year. Revenue also rose 16% to $42.31 billion. Meta's positive financial outlook includes forecasting revenue between $42.5 billion and $45.5 billion for the current quarter. CEO Mark Zuckerberg highlighted ongoing AI advancements and expansions in user engagement. The company also raised its capital expenditure estimates for 2025, reflecting an emphasis on infrastructure and AI development.
Meta Platforms Inc. posted a strong first quarter with $16.64 billion in earnings, significantly exceeding analyst expectations and signalling robust advertising revenue growth.
The company noted that a rise in capital expenditures for 2025 indicates ongoing investments in infrastructure, particularly for artificial intelligence initiatives and data center enhancements.
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