
Meta reports Q1 FY25 earnings with 16% revenue growth and 37% EPS increase
4 days ago
Meta reported a 6% increase in daily active users to 3.43 billion and a 5% rise in ad impressions. Revenue grew 16% year-over-year to $42.3 billion, with earnings per share at $6.43, exceeding expectations. The stock rose 4.1% after the report. For Q2, Meta expects revenues between $42.5 billion and $45.5 billion and raised its capital expenditure forecast to $64-$72 billion. However, EU regulations may impact its advertising model and user experience.