( ) -q-25- UNDATED (Correspondent Jeremy House) “from $28.65 billion.” Facebook and Instagram parent company Meta says its first-quarter profit more than doubled. [CutID: <Cuts> META-PROFIT-house-q-THUam.mp3 Time: 25s Title: META-PROFIT-house-q-THUam Out-cue: from 28.65 billion] TAG: Correspondent Jeremy House reporting. According to FactSet, analysts, on average, were expecting revenue of $36.14 billion. ——————————- VERBATIM: The increase […]
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Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
( ) -q-25- UNDATED (Correspondent Jeremy House) “from $28.65 billion.”
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled.
[CutID: <Cuts> META-PROFIT-house-q-THUam.mp3
Time: 25s
Title: META-PROFIT-house-q-THUam
Out-cue: from 28.65 billion]
TAG: Correspondent Jeremy House reporting. According to FactSet, analysts, on average, were expecting revenue of $36.14 billion.
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VERBATIM: The increase in profits was boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms. Meta Platforms earned $12.37 billion in the January-to-March period. That’s up from $5.71 billion in the same period a year earlier. Revenue rose 27% to $36.46 billion from $28.65 billion.