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Meta reports surprisingly strong quarter one earnings after restructuring hiccups
Artificial intelligence (AI) | The Guardian www.theguardian.com
The company posted $28.10bn in revenue and appears to be shifting focus away from the metaverse to artificial intelligence
Meta revenue surpassed analyst expectations in its first quarter of the year, marking an unexpectedly positive earnings report as the company faces ongoing economic headwinds and rising competition.
The company reported a first-quarter revenue of $28.10bn, beating expectations of $27.66bn and up 3% year-over-year. Shares were up 9% in after hours trading, as the results boosted investor confidence in a company …
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