Meta Platforms reported remarkable earnings, with a 21% revenue increase to $48.4 billion and a 43% rise in operating income, impressing investors and analysts. Daily active users reached 3.35 billion, marking a significant growth in its user base. The company also experienced a rise in ad impressions and pricing, further indicating strong demand for its advertising services. Following the earnings report, Benchmark upgraded Meta's stock to a buy, giving it an optimistic price target. Despite a forecasted slowdown in 2025 growth, the company remains a compelling investment opportunity.
Meta Platforms demonstrated impressive growth, exceeding analyst expectations with a 21% revenue increase and a significant rise in operating income, showcasing its robust ad business.
Despite forecasting slower growth for 2025, Meta's strong earnings and user growth affirm its position as a solid buy, outpacing several big-tech counterparts.
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