Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is expected to report another quarter of double-digit percentage growth for both revenue and profits when it hands down its first quarter earnings next week.
For the period, the Instagram and WhatsApp owner is expected to report revenue of $41.2 billion, up 13.1% from $36.5 billion in Q1 2024, with growth driven by Meta’s core advertising business.
This is in line with Meta’s guidance of Q1 revenue in the range of $39.5 billion to $41.8 billion, or 8% to 15% year-over-year growth.
This guidance assumes a 3% foreign currency headwind and the effect of the lapping leap day in the first quarter of 2024.
Wall Street analysts expect Meta to report earnings per share (EPS) of $5.21, up 10.6% from the year-ago quarter when it delivered EPS of $4.71.
Investors will also be on the lookout for updates from the company regarding advertising trends, AI spending, cost management, and how it is navigating regulatory and macroeconomic headwinds.
Ongoing antitrust litigation and recent US tariff policies have resulted in a pullback in Meta’s stock price, down 11% in the year-to-date at $520 on Wednesday.
Meta will report its first quarter earnings after US markets close on Wednesday, April 30.