Meta Q1 Results: Facebook parent more than doubles profit to $12.37 billion
Thu, Apr 25, 2024 9:59 AM

Meta Q1 Results: Facebook parent more than doubles profit to $12.37 billion

A Flip by Shubhangi Gupta
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Meta Q1 Results: Facebook and Instagram parent company Meta said Wednesday its Q1 profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. But its shares dropped sharply in after-hours trading following lukewarm revenue guidance.Meta Platforms Inc. earned $12.37 billion, or $4.71 per share, in the January-March period.

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