Meta Q1 2024 earnings: ad revenue up 27%, weak Q2 guidance

Meta released its Q1 2024 earnings results yesterday: Meta beat analyst expectations on both a top line ($36.5 billion vs. $36.2 billion expected) and bottom line ($4.71 EPS vs. $4.32 expected) basis. But the company issued revenue guidance for Q2 of between $36.5BN to $39BN that fell short of analyst expectations of $37.8BN at the midpoint. This, […]

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