Meta Surges on Earnings Strength
Here's our initial take on Meta Platforms' (NASDAQ: META) first-quarter financial report.Meta reported first-quarter financial results that reflected a great start to 2025. Revenue rose 16% year over year, but foreign currency adjustments cost the company what would have been an additional 3 percentage points of growth. The number of ad impressions Meta had across its platform rose 5%, while pricing was even stronger, picking up 10% per ad on average. Family daily active people engaging on platform products rose by about 190 million to 3.43 billion.Even more importantly, Meta kept costs in line. The expense side of the income statement rose only 9%, with a big decline in overhead expenses helping to offset a rise in research-and-development spending of over 20%. Meta also kept its marketing and sales budget in check. As a result, operating income jumped 27%, and favorable declines in income taxes helped boost net income to $16.6 billion, up 35% from the same period a year ago.Continue reading
Here's our initial take on Meta Platforms' (NASDAQ: META) first-quarter financial report.
Meta reported first-quarter financial results that reflected a great start to 2025. Revenue rose 16% year over year, but foreign currency adjustments cost the company what would have been an additional 3 percentage points of growth. The number of ad impressions Meta had across its platform rose 5%, while pricing was even stronger, picking up 10% per ad on average. Family daily active people engaging on platform products rose by about 190 million to 3.43 billion.
Even more importantly, Meta kept costs in line. The expense side of the income statement rose only 9%, with a big decline in overhead expenses helping to offset a rise in research-and-development spending of over 20%. Meta also kept its marketing and sales budget in check. As a result, operating income jumped 27%, and favorable declines in income taxes helped boost net income to $16.6 billion, up 35% from the same period a year ago.
