Meta shares sink 11% on weak revenue guidance

Key Facts

• Here are the key numbers: Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG Revenue: $36.46 billion vs. $36.16 billion expected by LSEG Revenue increased 27% from $28.65 billion in the same period a year earlier, the fastest rate of expansion for any quarter since 2021.
• Meta said it expects revenue in the second quarter of $36.5 billion to $39 billion.
• Reality Labs reported sales of $440 million for the quarter and $3.85 billion in losses.
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