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International Business Times
International Business Times
Business
Julie JAMMOT

Meta Sees Profits Soar In First Quarter

Meta Mark Zuckerberg Facebook Microsoft
Meta's growth is due in particular to its sophisticated advertising tools and the success of "Reels" (Credit: AFP)

Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps.

The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion.

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