Midday market 04/27: Meta pulls the entire market, macro continues to be pessimistic

Meta continues to grow, using AI to attract more users:

• Daily users +5% YoY, reaching record 3.02 billion across all services

• Thanks to AI, Facebook Reels shares doubled in the past 6 months, reaching over 2 billion Reels per day:

• Click-to-Message ads up 40% QoQ, reaching $10 billion sales revenue in Q1:

• Specific metrics:

  • Revenue stable +3% to $28.6B, $1B above forecast

  • Operating margin 25% (-5pp Y/Y)

  • Free Cash Flow margin 24% (-6pp Y/Y)

  • Net income $2.20/share, $0.23 above forecast

  • Raised Q2 revenue forecast to $30.8B, $1.3B higher than previous

• Meta pulls the entire tech and media block:

MasterCard growth beats forecasts, continues to show strong international consumer spending in Q1: