Meta shares rise on stronger-than-expected revenue for first quarter
Publishing timestamp: 2025-04-30 16:00:01
Summary
Meta shares rose 5% after reporting stronger-than-expected revenue in the first quarter. Second-quarter sales are expected to be between $42.5 billion to $45.5 billion. The company also increased its 2025 capital expenditures due to an increase in expected cost of infrastructure hardware. Despite some reduced ad spend from Asia e-commerce exporters, Meta's business is performing well and the company is well-positioned to navigate macroeconomic uncertainty.
Sentiment: POSITIVE
Tickers: META, RDDT, GOOGL, AMZN, SNAP,
Keywords: business news, breaking news: technology, donald j. trump, mobile, earnings, alphabet inc, snap inc, social media, donald trump, breaking news: earnings, technology, internet, amazon.com inc, mark zuckerberg, meta platforms inc, reddit inc,
Source: https://www.cnbc.com/2025/04/30/meta-q1-earnings-report-2025.html