META Revenue Jumps to $28.65 Billion

  • Washington, D.C., United States
  • 27 April 2023
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Meta stock rose after the company reported higher-than-expected earnings and revenue in the first quarter of 2023. Meta reported earnings per share of $2.20 compared to expectations of $2.03 per share, while revenue jumped to $28.65 billion in the first quarter from expectations of $27.65 billion.

Facebook's average active users were 2.04 billion daily versus a forecast of 2.01 billion, while the average number of monthly users was in line with expectations of 2.99 billion. META expects revenue in the second quarter of 2023, between $29.5 billion and $32 billion, while it expects sales at $29.5 billion.

 

Source (CNBC Arabic Website, Edited)

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