Rally unleashed for the Meta title (the holding company to which the social networks Facebook and Instagram and the WhatsApp messaging APP belong), after the publication of a quarterly report better than expected. The stock surged 18% in Wall Street afterhours trading. Meta reported that earnings per share for the first quarter of the year stood at $ 2.72, better than the $ 2.56 expected; revenue was $ 27.91 billion, down from an estimated $ 28.2 billion. The number of daily active users was 1.96 billion, against the expected 1.95 billion, while the monthly active users were 2.94 billion, against the estimated 2.97 billion.
Average revenue per user (ARPU) stood at $ 9.54, better than the expected $ 9.50. Several balance sheet items disregarded estimates, and revenue, up 7%, posted single-digit growth on a percentage basis for the first time in Facebook’s ten-year history, making it worse than +7 among other things. , 8% expected by the consensus. For the second quarter of the year, Meta also estimates a turnover between
$ 28 billion and $ 30 billion, lower than analysts’ expectations of $ 30.6 billion.