San Francisco, April 30, 2025 (AFP) - Meta quarterly profit climbs despite cloud spending

NAMPA / AFP

2025-04-30

Tech giant Meta reported a quarterly profit of $16.6 billion on Wednesday, beating expectations and brushing aside market worries over its heavy investment in cloud computing and artificial intelligence. Meta revenue in the first three months of the year was $42.3 billion, an increase of 16 percent from the same period a year earlier as business spending on ads remained strong. Shares in the social media giant rose more than three percent in afte......

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