Meta Platforms has reported first-quarter revenue of $42.31 billion, exceeding analysts' estimates of $41.40 billion. The profit per share also surpassed expectations, reaching $6.43 compared to the estimated $5.28.
The company is increasing its investment in AI infrastructure, raising its 2025 capital expenditure plans to between $64 billion and $72 billion. This investment aims to enhance ad targeting and improve user engagement across its platforms.
Meta anticipates second-quarter revenue between $42.5 billion and $45.5 billion. Despite economic uncertainty and potential impacts from EU regulations, Meta's advertising business remains robust, supported by its substantial user base, with daily active people across its family of apps rising 6% year-over-year to 3.43 billion.