Meta shares soar as Facebook parent beats Q1 profit, revenue forecasts

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Meta shares soar as Facebook parent beats Q1 profit, revenue forecasts
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Meta also reported that the monthly user base of its flagship platform — Facebook — inched close to 3 billion.

Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period. That’s down 19% from $7.47 billion, or $2.

72 per share, a year earlier.Bloomberg via Getty ImagesAnalysts, on average, were expecting earnings of $2.02 per share on revenue of $27.67 billion, according to a poll by FactSet.

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