Meta quarterly earnings beat expectations

Meta quarterly earnings beat expectations
Wednesday 26 April 2023 - 23:01

Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of layoffs.

The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.

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