Among key user metrics, family daily active people (DAP) rose 6% YoY to 3.48 billion, ad impressions climbed 11%, and average price per ad increased 9%.
Meta Platformsis expected to report its 11th consecutive revenue beat, attracting attention from stock pickers and ETF investors due to its growing presence in Big Tech and AI-themed ETFs.
Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets.
The earnings per share increased to $2.31 from $1.89 a year ago, with the top line reaching $96.43 billion, exceeding the Fiscal.ai-compiled consensus of $2.2 and $94.02 billion.
Wall Street opened the week on a risk-on footing, with the S&P 500 and the Nasdaq 100 extending record highs as strong earnings reinforced confidence in corporate America and investors continued to shrug off trade tensions.
The company is expected to report second-quarter earnings per share of $7.09 on revenue of $11.06 billion, according to consensus estimates compiled by Fiscal.ai.
