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 that has been struggling in its attempts to successfully restructure its business model.
