Meta Platforms Inc (META) Q1 (USD) EPS 6.43 (exp. 5.23), Revenue 42.31bln (exp. 41.43bln)
- Advertising rev. USD 41.39bln (exp. 40.55bln)
- Sees Q2 revenue USD 42.5bln-45.5bln (exp. 44.41bln).
- Raises FY capex view to USD 64bln-72bln from USD 60bln-65bln.
- Lowers FY total expenses forecast to USD 113bln-118bln from USD 114bln-119bln.
- Expects will need to make modifications to ads model which could have significant impact to European business and revenue as early as Q325.
Reaction details (21:15)
- Co. shares are up 3.9% after-market.
30 Apr 2025 - 21:05- ForexImportant- Source: PR Newswire
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