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International Business Times
International Business Times
Business
Julie JAMMOT

FOUND: Meta sees profits soar in first quarter | Mind Blowing Facts

Meta Mark Zuckerberg Facebook Microsoft
Meta's growth is due in particular to its sophisticated advertising tools and the success of "Reels" (Credit: AFP)

Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps.

The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total revenue, mainly from selling ads, up an impressive 27 percent, at $36.5 billion.

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