Meta executives interpret the Q1 Earnings Reports: feeling excited and looking forward to the upcoming independent Meta AI application.
Meta released its unaudited Earnings Reports for the first quarter of fiscal year 2025: total revenue was $42.314 billion, a year-on-year increase of 16%; Net income was $16.644 billion, a year-on-year increase of 35%; diluted earnings per share were $6.43, a year-on-year increase of 37%. Meta's first quarter revenue and diluted earnings per share both exceeded Wall Street Analyst expectations, and the outlook for second quarter revenue also exceeded expectations, leading to an over 5% rise in its after-hours stock price. For more details: Meta's first quarter revenue of $42.314 billion with a 35% year-on-year increase in Net income, after the earnings report release, Meta's CEO Mark.
10-Q: Q1 2025 Earnings Report
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