Meta Platforms revenue grew (17 May 2023) #shorts

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Meta Platforms revenue grew 32% in the first quarter of 2023!

More than 90% of companies in the S&P 500 Index reported for the first quarter. Among them, Zions Bancorporation, whose revenue grew by 37% quarter-on-quarter and reached $839 million. And Meta Platforms whose revenue grew by 32% and reached $28 billion.

Today let's talk about Meta Platforms. 21% of the revenue structure is occupied by manufacturing costs, and 79% by gross revenue. Over the past quarter, the company made a profit of 5.7 billion. And its market capitalization now stands at $605 billion.

By the way, Ralph Lauren is reporting next week.

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