Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%

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Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%

Investing.com2023-04-27

Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring...

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Comment（4）

MIe
·2023-04-27
Meta transform n upside
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5
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hmanxx
·2023-04-27
Go back to $300 .....
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3
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Uasbau
·2023-04-27
Ok
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9
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Swordmerlin
·2023-04-27
Go go go
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11
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Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.Headcount fell 1% to 77,114 year-on-year in Q1.\"[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,\" the company said.Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to \"expect Reality Labs operating losses to increase year-over-year in 2023.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947332282,"gmtCreate":1682556184646,"gmtModify":1682556188595,"author":{"id":"3558234450848812","authorId":"3558234450848812","name":"hmanxx","avatar":"https://static.tigerbbs.com/b284affa93fb4bcfb22a9bd59c3f1d6d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3558234450848812","authorIdStr":"3558234450848812"},"htmlText":"Go back to $300 .....&nbsp;","listText":"Go back to $300 .....&nbsp;","text":"Go back to $300 .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947332282","repostId":2330344808,"repostType":2,"repost":{"id":"2330344808","kind":"highlight","pubTimestamp":1682549632,"share":"https://ttm.financial/m/news/2330344808?lang=&edition=fundamental","pubTime":"2023-04-27 06:53","market":"us","language":"en","title":"Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=2330344808","media":"Investing.com","summary":"Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street exp","content":"<html><head></head><body><p>Investing.com -- <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring down costs.</p><p>Meta Platforms Inc (NASDAQ:META), the parent company of Facebook rose more than 11% in after-hours trade following the report.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42f9350f7979ca919fa1db14ef33b864\" tg-width=\"840\" tg-height=\"842\"/></p><p>Facebook announced EPS of $2.20 on revenue of $28.65 billion. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.</p><p>The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.</p><p>Headcount fell 1% to 77,114 year-on-year in Q1.</p><p>&#34;[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,&#34; the company said.</p><p>Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.</p><p>Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.</p><p>Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.</p><p>The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.</p><p>Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to &#34;expect Reality Labs operating losses to increase year-over-year in 2023.&#34;</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-27 06:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring...</p>\n\n<a href=\"https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2330344808","content_text":"Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring down costs.Meta Platforms Inc (NASDAQ:META), the parent company of Facebook rose more than 11% in after-hours trade following the report.Facebook announced EPS of $2.20 on revenue of $28.65 billion. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.Headcount fell 1% to 77,114 year-on-year in Q1.\"[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,\" the company said.Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to \"expect Reality Labs operating losses to increase year-over-year in 2023.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947339856,"gmtCreate":1682551238175,"gmtModify":1682551241540,"author":{"id":"3581724772671504","authorId":"3581724772671504","name":"Uasbau","avatar":"https://static.tigerbbs.com/67cdf409f2239595269918513a5faac9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581724772671504","authorIdStr":"3581724772671504"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947339856","repostId":2330344808,"repostType":4,"repost":{"id":"2330344808","kind":"highlight","pubTimestamp":1682549632,"share":"https://ttm.financial/m/news/2330344808?lang=&edition=fundamental","pubTime":"2023-04-27 06:53","market":"us","language":"en","title":"Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=2330344808","media":"Investing.com","summary":"Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street exp","content":"<html><head></head><body><p>Investing.com -- <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring down costs.</p><p>Meta Platforms Inc (NASDAQ:META), the parent company of Facebook rose more than 11% in after-hours trade following the report.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42f9350f7979ca919fa1db14ef33b864\" tg-width=\"840\" tg-height=\"842\"/></p><p>Facebook announced EPS of $2.20 on revenue of $28.65 billion. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.</p><p>The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.</p><p>Headcount fell 1% to 77,114 year-on-year in Q1.</p><p>&#34;[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,&#34; the company said.</p><p>Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.</p><p>Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.</p><p>Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.</p><p>The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.</p><p>Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to &#34;expect Reality Labs operating losses to increase year-over-year in 2023.&#34;</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-27 06:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring...</p>\n\n<a href=\"https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2330344808","content_text":"Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring down costs.Meta Platforms Inc (NASDAQ:META), the parent company of Facebook rose more than 11% in after-hours trade following the report.Facebook announced EPS of $2.20 on revenue of $28.65 billion. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.Headcount fell 1% to 77,114 year-on-year in Q1.\"[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,\" the company said.Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to \"expect Reality Labs operating losses to increase year-over-year in 2023.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947339031,"gmtCreate":1682550349724,"gmtModify":1682550354815,"author":{"id":"3582338758553096","authorId":"3582338758553096","name":"Swordmerlin","avatar":"https://community-static.tradeup.com/news/1f836008e90c916e86b10677e7b767fd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582338758553096","authorIdStr":"3582338758553096"},"htmlText":"Go go go&nbsp;","listText":"Go go go&nbsp;","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947339031","repostId":2330344808,"repostType":4,"repost":{"id":"2330344808","kind":"highlight","pubTimestamp":1682549632,"share":"https://ttm.financial/m/news/2330344808?lang=&edition=fundamental","pubTime":"2023-04-27 06:53","market":"us","language":"en","title":"Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=2330344808","media":"Investing.com","summary":"Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street exp","content":"<html><head></head><body><p>Investing.com -- <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring down costs.</p><p>Meta Platforms Inc (NASDAQ:META), the parent company of Facebook rose more than 11% in after-hours trade following the report.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42f9350f7979ca919fa1db14ef33b864\" tg-width=\"840\" tg-height=\"842\"/></p><p>Facebook announced EPS of $2.20 on revenue of $28.65 billion. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.</p><p>The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.</p><p>Headcount fell 1% to 77,114 year-on-year in Q1.</p><p>&#34;[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,&#34; the company said.</p><p>Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.</p><p>Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.</p><p>Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.</p><p>The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.</p><p>Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to &#34;expect Reality Labs operating losses to increase year-over-year in 2023.&#34;</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Platforms Delivers Upbeat Guidance As Q1 Results Top Estimates; Shares Soar 11%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-27 06:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring...</p>\n\n<a href=\"https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://finance.yahoo.com/news/meta-platforms-delivers-upbeat-guidance-163336772.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2330344808","content_text":"Investing.com -- Meta Platforms reported Wednesday first-quarter results that topped Wall Street expectations and the social media giant provided upbeat revenue guidance amid ongoing progress to bring down costs.Meta Platforms Inc (NASDAQ:META), the parent company of Facebook rose more than 11% in after-hours trade following the report.Facebook announced EPS of $2.20 on revenue of $28.65 billion. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $27.61B.The better-than-expected results come as the company continued to make progress on its ‘year of efficiency’ pledge in 2022 and advertising revenue grew.Headcount fell 1% to 77,114 year-on-year in Q1.\"[W]e have substantially completed the 2022 employee layoffs while continuing to assess facilities consolidation and data center restructuring initiatives,\" the company said.Advertising revenue rose to $28.10B year-on-year in Q1 from $27.00B a year earlier.Facebook daily active users, or DAUs, rose 4% to 2.04B, while monthly active people, or MAUs, rose 2% to 2.99B.Ad Impressions across the company’s apps jumped 26%, but average price per ad fell 17% year-on-year, pressured by increasing competition.The company guided second-quarter revenue in a range of $29.5B to $32B, above Wall Street estimates of $29.47B.Looking further ahead, the company sees 2023 revenue guidance in the range of $86B to $90B, adding that it continued to \"expect Reality Labs operating losses to increase year-over-year in 2023.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":52,"commentSize":4,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}