Wednesday, April 30, 2025, 4:20 pm
Meta’s quarterly results revealed an intriguing blend of impressive revenue growth alongside a significant setback in its Reality Labs division. While soaring sales figures—including a blockbuster $42 billion in sales—drew cheers, the staggering $4.2 billion loss from Reality Labs added an ironic twist to an otherwise promising performance, leaving investors both impressed and amused.
Reddit: r/virtualreality
Bluesky: @sarahp.bsky.social, @techcrunch.com
Meta's stock has performed better than other Big Tech peers, falling only 5% year-to-date.
Facebook and Instagram parent company Meta Platforms Inc. delighted investors today as it crushed analyst’s targets on earnings and revenue, sending its stock higher in extended trading. The company reported first-quarter earnings before certain costs such as stock compensation of $6.43 per share,…
Instagram Threads, Meta’s X competitor, has now grown to over 350 million monthly active users, CEO Mark Zuckerberg revealed during the company’s Q1 2025 earnings call on Wednesday. That’s an increase of 30 million users since the prior quarter, where Meta reported that Threads had 320 million…
Meta Soars After Blowing Away Estimates, Hikes Capex Forecast In our preview of META's Q1 results this afternoon (ahead of which Goldman's desk had positioning as a 7 out of 10), we said that it feels like centuries ago that META had that 20-day winning streak in Jan/Feb with the name…
Meta’s Revenue Rises 16% in the First Quarter The Information
The tech giant’s outlook may allay investor concerns about the digital advertising market.
Meta’s Reality Labs posts $4.2 billion loss in first quarter
permalink / 7 stories from sources in 6 days ago #meta #earnings #technology
In a bold, eyebrow-raising move that’s shaking up London’s tech scene, DoorDash has acquired Deliveroo in a reported $2.9 billion deal. The takeover is stirring debates over market consolidation, leaving many to wonder if the startup dreams in London will now require even bigger spreadsheets. More...
OpenAI is shifting gears by slashing its revenue share to Microsoft amid a corporate restructuring. This move, seemingly straight out of a boardroom plot twist, challenges the long-standing financial arrangement between the two giants. Industry watchers are left smirking at the strategic shake-up and potential ripple effects. More...
AMD impressed investors with robust quarter earnings marked by a striking 36% revenue surge, even as the company maintained its optimistic guidance amidst geopolitical headwinds such as U.S. curbs on chip exports to China. Clearly, the chip giant’s performance is anything but glitchy! More...
In a high-stakes legal showdown, Meta has been awarded over $167 million in damages after a prolonged battle against NSO Group for its spyware campaign targeting WhatsApp. The ruling delivers a sharp rebuke to espionage tactics in the tech world, leaving NSO Group scrambling. More...
U.S. Treasury Secretary Scott Bessent and trade officials are heading to Switzerland for a high-stakes meeting with Chinese counterparts, aiming to jump-start new trade discussions—while global markets took notice. One might say diplomatic icebreakers are in order! More...
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