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Meta Platforms, Inc. (META) reported strong quarterly results, with earnings per share (EPS) increasing 38% and sales growing 22% year-over-year. The company has achieved a Zacks Rank #1 (Strong Buy) following these robust results.
As of the latest report, Meta’s daily active users reached 3.5 billion, reflecting a 6% increase compared to the same period last year. Additionally, ad impressions rose by 11% year-over-year, with average ad prices increasing by 9%. The operating margin improved to 43%, up from 38% the previous year.
Meta’s strong performance and growth metrics position it favorably in the market, underscoring its potential for future success amid the expansion of its immersive technologies and artificial intelligence initiatives.
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