Meta Earnings Better Than Expected After Restructuring Hiccups
NDTV
The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.
Facebook-parent Meta on Wednesday reported it made a profit of $5.7 billion dollars in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs.
The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.
"We had a good quarter and our community continues to grow," said Mark Zuckerberg, Meta founder and CEO.
"We're also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision."
