Meta Platforms reported a significant increase in first-quarter profit and revenue, driven by strong year-over-year growth. The company issued positive revenue guidance for the second quarter.
- Revenue increased 33.1% to $56.31 billion
- Net income jumped to $26.77 billion from $16.64 billion
- EPS rose to $10.44 from $6.43
- Q2 revenue guidance projected between $58 billion and $61 billion
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