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Meta reported Q1 earnings of $16.6 billion, exceeding expectations, with strong ad sales and increased investment in AI.
Meta Platforms, parent company of Facebook and Instagram, reported strong first-quarter earnings of $16.6 billion on revenue of $42.3 billion, exceeding market expectations.
The company's advertising business remained robust despite significant investments in cloud computing and AI.
Meta's stock rose in after-hours trading following the positive results.
The company also increased its 2025 capital expenditure forecast to $64-72 billion, highlighting investments in data centers and AI.
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