(Reuters) – Meta Platforms, parent company of Facebook, on Wednesday reported daily active user numbers in the first quarter above Wall Street expectations, seeing its stock rise after the close despite a slowdown. indit in ten of the growth of its turnover.
The title Meta was up 13% in post-closing Wall Street trading, after falling during the session.
Facebook’s number of daily active users, a key figure for advertisers, came in at 1.96 billion, beating the consensus of 1.95 billion according to IBES data from Refinitiv.
Meta has lost about half of its value since the start of the year, having announced in early February an unprecedented quarterly drop in the number of daily active users of Facebook and a forecast of sales below expectations.
Based on data released Wednesday, the tech giant is anticipating revenue of between $28 billion and $30 billion in the current quarter. Analysts on average had expected revenue of $30.63 billion.
Over the January-March period, Meta’s overall turnover, which comes largely from advertising revenue, increased by 7% to $27.91 billion, an amount below expectations which stood at $28.20 billion. dollars according to IBES data from Refinitiv.
(Report Nivedita Balu Bangalore and Elizabeth Culliford San Francisco; French version Jean Terzian)