00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meta reported first quarter results that exceeded expectations on revenue and earnings, according to Benzinga.
00:08Family of Apps revenue reached $55.9 billion, and advertising revenue came in at $55.0 billion, both above consensus.
00:18Reality Labs revenue of $402 million missed estimates.
00:22Diluted EPS of $10.44 beat consensus as total expenses of $33.4 billion, and capital expenditures of $19.8
00:32billion came in below expectations.
00:34The company guided second quarter revenue to $58 billion to $61 billion, in line with consensus and implying about 25
00:43% year-over-year growth.
00:45Meta maintained full-year expense guidance of $162 billion to $169 billion, but raised 2026 capital expenditure guidance to $125
00:57billion to $145 billion, which weighed on shares after hours.
01:02Shares were down by 8.48% at $612.41 in Friday's pre-market trading, according to Benzinga Pro data.
01:10For all things money, visit Benzinga.com.
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