Meta Stock Rallies as Earnings Top Estimates, Meta AI Hits User Milestone

By Yahoo! Finance   |   3 weeks ago
Meta Stock Rallies as Earnings Top Estimates, Meta AI Hits User Milestone

Meta reported strong quarterly earnings, surpassing revenue and net income expectations. Advertising revenue increased by 16%, driving shares up over 5% in after-hours trading. The company plans to increase capital expenditures to boost AI capacity and expects second-quarter revenue between $42.5 billion and $45.

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