Meta Platforms reported strong first-quarter results, with 27% revenue growth and a 114% increase in diluted EPS. Meta has 3.2 billion daily active users across its apps, including Facebook, Instagram, WhatsApp, and Messenger. This figure was up 7% year over year. Meta's average revenue per user increased 18% yearly to $11.20, indicating its success in monetizing users through advertising and other revenue streams. Meta's network effects, with its massive established user base and ability to extract more value per user, represent a significant competitive advantage.
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00:00 It's Benzinga and here's what's on the block.
00:02 Meta platforms reported strong first quarter results with 27% revenue growth and an 114%
00:08 increase in diluted EPS. Meta has 3.2 billion daily active users across its family of apps,
00:14 including Facebook, Instagram, WhatsApp, and Messenger. This figure was up 7% year-over-year.
00:19 Meta's average revenue per user increased 18% year-over-year to $11.20,
00:24 indicating its success in monetizing users through advertising and other revenue streams.
00:29 Meta's network effects with its massive established user base and ability to extract
00:32 more value per user represent a significant competitive advantage. Investors should watch
00:37 user growth and ARPU metrics closely to gauge the health of Meta's moat against
00:42 potential erosion from competitors. For all things money, visit Benzinga.com.