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Facebook-Parent Meta Beat Quarterly Revenue Expectations

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Last Updated: April 27, 2023, 02:19 IST

Meta in March became the first Big Tech company to announce a second round of mass layoffs. (File Photo)

Meta in March became the first Big Tech company to announce a second round of mass layoffs. (File Photo)

The company expects current-quarter revenue between $29.5 billion and $32 billion, compared with analysts’ estimates of $29.53 billion

Meta Platforms Inc forecast second-quarter revenue above market expectations on Wednesday as the digital advertising market shifts to tried and tested platforms such as Facebook and Instagram at a time of increasing economic uncertainties.

The company expects current-quarter revenue between $29.5 billion and $32 billion, compared with analysts’ estimates of $29.53 billion, according to Refinitiv data.

Read all the Latest Tech News here

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)

Rohit
Rohit is a News18.com journalist with a passion for world affairs and a love for football. Follow him on Twitter at @heis_rohit…Read More

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