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Meta’s strong quarter quells concerns that its aggressive AI spending is misguided

Meta’s strong quarter quells concerns that its aggressive AI spending is misguided

vm_adminMay 1, 2025

Meta Platforms shares jumped Wednesday after the social media giant delivered a strong first quarter and signaled its intentions to keep spending on artificial intelligence. Revenue in the three months ended March 31 climbed 16.1% year over year to $42.31 billion, beating the consensus estimate of $41.39 billion, according to LSEG. Earnings per share (EPS) soared 36.5% on annual basis to $6.43, trouncing expectations of $5.27, LSEG data showed. Shares of Meta added more than 4% in the after…

Article Source
https://www.cnbc.com/2025/04/30/metas-quarter-quells-concerns-that-its-heavy-ai-spending-is-misguided.html

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Tagged Aggressive, Concerns, Metas, Misguided, Quarter, quells, Spending, Strong

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