Facebook friends grow and Meta, driven also by a profit beyond expectations, flies to Wall Street. Mark Zuckerberg’s company, after the disappointing quarterly results of Netflix and Google, closed the first quarter with revenues below expectations at 27.9 billion dollars but up compared to the same period last year. However, the rise was 6.6%, the lowest since the listing on Wall Street ten years ago.
Net profit fell to 7.46 billion, 21% less than the 9.49 billion of the first quarter of 2021, but above the expectations of analysts who bet on 7.1 billion. Investors are reassured by the data on ‘friends’: daily active users have risen to 1.96 billion. for the second quarter Meta estimates revenues of between 28 and 30 billion dollars, slightly below the 30.7 billion that analysts were betting on.
The trend in the first quarter gives a sigh of relief after the scare of February, when Meta announced a more pronounced drop in profit than expected, a weak outlook for revenues and a drop in daily active users. Since February, Meta stocks have lost nearly 44% and the Zuckerberg giant has burned nearly $ 388 billion in market capitalization.
Source: Ansa
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