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Meta's first-quarter revenue increased 3% to $28.6 billion, from $27.9 billion in the year-ago period, while net profit fell 24% to $5.7 billion, from $7.5 billion.
Meta's Q1 2023 performance underscores its commitment to cutting costs and maximizing earnings in its "year of efficiency."
Not sure how long this is going to last In its first-quarter earnings report Meta said its virtual reality and augmented reality unit, Reality L...
Meta Platforms stock is up sharply in US premarket price action today after it reported better-than-expected earnings for Q1 2023.
Meta's first quarter was better than expected overall. Sales were up 3% while its $28.65 billion revenue beat analysts' expectations. The company also issued upbeat guidance for...