Last Update: April 27, 2023, 02:19 AM IST
In March Meta became the first big tech company to announce a second round of mass layoffs. (file photo)
The company expects current-quarter revenue of between $29.5 billion and $32 billion, compared to analysts’ estimates of $29.53 billion.
Meta Platforms Inc on Wednesday forecast second-quarter revenue that exceeded market expectations as the digital advertising market shifts to tried-and-tested platforms such as Facebook and Instagram in a time of growing economic uncertainties.
The company expects current-quarter revenue of between $29.5 billion and $32 billion, compared with analysts’ estimates of $29.53 billion, according to data from Refinitiv.
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