The company posted first-quarter revenue of $56.31 billion and earnings per share of $10.44, both ahead of expectations, while its second-quarter revenue outlook brackets the consensus estimate.
Meta reported first-quarter revenue of $56.31 billion, exceeding the $55.5 billion expected, and earnings per share of $10.44, above the $8.15 consensus estimate. The company also issued second-quarter revenue guidance of $58 billion to $61 billion, compared with expectations of $59.56 billion. The results indicate stronger-than-expected operating performance in the reported quarter, while the Q2 outlook suggests management sees revenue staying near or above market forecasts.