04:24 PM EDT, 04/24/2024 (MT Newswires) -- Meta Platforms ( META ) reported Q1 earnings Wednesday of $4.71 per diluted share, up from $2.20 a year earlier.

Analysts polled by Capital IQ expected $4.32.

Revenue for the quarter ended March 31 was $36.46 billion, up from $28.65 billion a year earlier.

Analysts expected revenue of $36.22 billion.

Meta said it expects Q2 revenue between $36.5 billion and $39 billion. Analysts are looking for $38.32 billion.

The company's shares were down almost 13% in after-hours trading.

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