Company news: Meta Platforms (META) quarterly results top analysts’ estimates

Meta Platforms (META) reported Q1 FY2025 earnings of $6.43 per share (versus $4.71 per share in Q1 FY2024), strongly beating analysts’ consensus estimate of $5.23 per share.

The company’s quarterly revenues amounted to $42.314 bln (+16.1% y/y), beating analysts’ consensus estimate of $41.339 bln.

The company also issued in-line Q2 FY2025 revenue guidance of $42.5-45.5 bln versus analysts’ consensus estimate of $43.84 bln.

In addition, it lowered FY2025 total expense guidance to $113-$118 bln from its prior guidance of $114-$119 bln and increased FY2025 CAPEX guidance to $64-$72 bln from its prior guidance of $60-$65 bln. According to Meta, the updated outlook reflects additional data centre investments to support the company's artificial intelligence efforts as well as an increase in the expected cost of infrastructure hardware.

META rose to $583.52 (+6.29%) in pre-market trading.