META Earnings: All you need to know about Meta Platforms’ Q1 2023 earnings results

Meta Platforms, Inc. (NASDAQ: META) reported first quarter 2023 earnings outcomes immediately.

Income elevated 3% year-over-year to $28.6 billion.

Internet revenue was down 24% to $5.7 billion whereas EPS fell 19% to $2.20 in comparison with final yr.

Each income and earnings beat estimates.

The corporate expects second quarter 2023 complete income to vary between $29.5-32 billion.

The inventory gained 11% throughout after-market hours on Wednesday.  

Prior efficiency