From Yahoo Finance: 2025-05-01 09:06:00

Meta Platforms exceeded investor expectations in sales and earnings, with revenue up 16% year-over-year to $42.3 billion. CEO Mark Zuckerberg highlighted progress in AI, with increased spending on data centers. Operating income rose 27%, and net income reached $16.6 billion. Stock rose 4% in after-hours trading.

Despite gains, Meta warns of regulatory challenges; European Commission decision affects subscription service. Capital spending increases by $4-7 billion for the year to support AI initiatives. Meta nears 1 billion monthly active users in AI. Stock Advisor’s top 10 stock picks exclude Meta.

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Read more: Meta Surges on Earnings Strength