Meta reported first-quarter revenue of $42.31 billion and earnings of $6.43 per share, surpassing analyst expectations on both counts, according to data from Benzinga Pro. Analysts had forecast $41.39 billion in revenue and $5.21 per share in earnings. Meta CEO Mark Zuckerberg said the company had a strong start to the year, with continued community growth and solid business performance. He highlighted progress on AI glasses and Meta AI, which now has nearly 1 billion monthly active users. Meta projected second-quarter revenue between $42.5 billion and $45.5 billion, bracketing Benzinga Pro's estimate of $44.06 billion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Mayda reported first quarter revenue of $42.31 billion in earnings of $6.43 per share,
00:08surpassing analysts' expectations on both counts, according to data from Benzinga Pro.
00:12Analysts had forecast $41.39 billion in revenue and $5.21 per share in earnings.
00:18Mayda CEO Mark Zuckerberg set the company at a strong start to the year,
00:22with continued community growth and solid business performance.
00:25He highlighted progress on AI Glasses and Mayda AI, which now has nearly 1 billion monthly active users.
00:32Mayda projected second quarter revenue between $42.5 billion and $45.5 billion,
00:38bracketing Benzinga Pro's estimate of $44.06 billion.
00:42For all things money, visit Benzinga.com slash GSTV.