Meta Platforms, Inc. reported strong earnings with a double beat, showing a 16% revenue increase, driven by user growth and higher ad prices. META's valuation remains attractive at 22x forward earnings, with potential for upward revisions following the Q1 earnings beat. META's Q2 guidance is strong, and cost efficiency improvements are expected, although higher capital expenditures might slightly impact free cash flow and buybacks.
Meta (META) reported better-than-expected quarterly earnings, sending shares higher in extended trading Wednesday.
The results come as Meta faces a high-stakes trial in Washington, in which the Federal Trade Commission is seeking to unwind the company's acquisitions of prized assets Instagram and WhatsApp.
Social media giant Meta Platforms posted better-than-expected numbers in the first quarter, with revenue surging 16% from a year ago to reach $42.3 billion, lifting shares in after-hours trading. The results showed advertising dollars continuing to fill Meta's coffers despite significant macroeconomic uncertainty. Shares in Meta climbed 4% after hours.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) delivered better-than-expected revenue and profits for the first quarter, sending shares of the Facebook, Instagram and WhatsApp owner higher afterhours on Wednesday. First quarter revenue was up 16% from the same periood last year at $42.31 billion, almost $1 billion higher than the $41.36 Wall Street consensus estimate.
Tens of thousands of UK investors, whether they realise it or not, are exposed to Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB). Some own the shares outright in a SIPP or ISA.
The market is rife with fear about tariffs and their potential impact on the broader economy. This caused many stocks to sell off.
Facebook owner Meta Platforms has launched a stand-alone artificial-intelligence app, becoming the latest technology giant to enter a field already facing intense competition.
META's first-quarter 2025 results are expected to benefit from improving advertising business and improving user engagement.
In mid-March, Meta said that its “open” AI model family, Llama, hit 1 billion downloads, up from 650 million downloads as of early December 2024. On Tuesday at its inaugural LlamaCon developer conference, Meta revealed that figure has reached 1.2 billion downloads.
Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it tries to take on ChatGPT by giving users a direct path to its generative artificial intelligence models.
Meta's strong earnings track record and forward-looking approach to AI integration signals a bullish outlook for the company.