META Earnings: All you need to know about Meta Platforms’ Q1 2023 earnings results

0

Meta Platforms, Inc. (NASDAQ: META) reported first quarter 2023 earnings results today.

Revenue increased 3% year-over-year to $28.6 billion.

Net income was down 24% to $5.7 billion while EPS fell 19% to $2.20 compared to last year.

Both revenue and earnings beat estimates.

The company expects second quarter 2023 total revenue to range between $29.5-32 billion.

The stock gained 11% during after-market hours on Wednesday.  

Prior performance

Meta-Q4-2022-Earnings-Infographic
Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please enter CoinGecko Free Api Key to get this plugin works.