Meta Q1 Earnings: EPS Beat, Revenue Up 16%, AI Approaches 1 Billion Monthly Actives, Capital Expenditures Forecast Raised

Meta Platforms Inc (NASDAQ:META) reported first-quarter financial results after the market close on Wednesday. Here’s a look at the key details from the quarter. Q1 Earnings: Meta reported first-quarter revenue of $42.31 billion, beating analyst estimates of $41.39 billion. The company reported…