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

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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
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