Categories AlphaGraphs, Earnings, Technology
META Earnings: Key quarterly highlights from Meta’s Q1 2024 financial results
Meta Platforms, Inc. (NASDAQ: META) reported its first quarter 2024 earnings results today.
Revenue increased 27% year-over-year to $36.4 billion.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/07/Meta-Platforms-Q1-2024-Earnings-Infographic-608x1024.jpg)
Net income more than doubled to $12.4 billion, or $4.71 per share, compared to last year.
Revenue and earnings beat expectations but the stock plunged 12% in aftermarket hours on Wednesday.
The company expects second quarter 2024 total revenue to range between $36.5-39.0 billion.
Prior performance
![](https://cdn.news.alphastreet.com/wp-content/uploads/2024/02/Meta-Platforms-Q4-2023-earnings-infographic-608x1024.jpg)
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