Meta Platforms, Inc. (NASDAQ: META) reported its first quarter 2024 earnings results today.
Revenue increased 27% year-over-year to $36.4 billion.
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.