**Title: Meta’s First Quarter Earnings Results – Better than Expected | CNBC**
Welcome to CNBC’s coverage of Meta’s (formerly Facebook) first quarter earnings results! In this video, Brad Erickson, RBC Capital Markets internet services senior analyst, joins Squawk Box to provide in-depth analysis and insights into Meta’s performance. Subscribe to CNBC PRO for access to live and exclusive video: [CNBC PRO Subscription](https://cnb.cx/2NGeIvi)
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# Description:
Join Brad Erickson, an industry-leading analyst, as he breaks down Meta’s impressive first quarter earnings results on CNBC’s Squawk Box. Despite initial concerns, Meta’s report revealed better-than-expected numbers, significantly surpassing market forecasts.
In this informative discussion, Brad analyzes the last two weeks of March, revealing key data points that indicated positive performance in the digital response ad industry. While Meta experienced some fluctuations, Brad highlights how Google outperformed Meta in certain areas. However, Meta made changes that impacted return on ad spend, creating uncertainty for investors.
Looking at Meta’s stock, Brad discusses how Mark Zuckerberg’s efficiency-focused approach and cost-cutting measures contributed to its rebound after announcing significant layoffs. He also examines Meta’s move into the metaverse and emphasizes the importance of Meta’s core business success compared to its metaverse endeavors.
Brad shares his bullish outlook for Meta’s core business, which remains his top pick for the year. He acknowledges the potential of the metaverse as a future growth driver but emphasizes the need for concrete evidence of mass adoption to truly assess its impact on Meta’s overall business model.
Additionally, Brad provides insights into the overall economy and ad spending trends for Meta. He explains how Google and Meta’s search revenue beat expectations, while small and medium businesses faced challenges due to the economic impact of the pandemic. Despite these obstacles, Brad highlights the resilience of consumers and the gradual recovery of ad revenue.
Stay informed with the latest stock market news and analysis. Turn to CNBC TV, the leading name in business news worldwide.
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Brad Erickson, RBC Capital Markets internet services senior analyst, joins ‘Squawk Box’ to discuss Meta’s first quarter earnings results, which came in better than expectations. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Lets go Meta 🎉
📌As the economy crisis keep rising,one needs to have different streams of Income, as well as secure a profitable Investment future. detailed diversified Investment portfolio in the financial markets is needed to survive!!!..
Congratulations with your 3 percent profit on 6 percent inflation.
>The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.<<
Meta to $300 in 2024 new all time highs in 2025. Best wishes Mark ❤.
This Dude is another example of incompetence METa is flat since April 2022 to April 23 ..it’s has multiple short squeeze Unfilled Gaps ! Take the name off the chart .it’s a PIG …everything is about ( entry and exit ) ..never invest in decelerating revenue stocks NEVER
Loading The Best Tech in April. ? * ALPP… 3 % Rise Early. Alpine 4. 11 Manuf Subsidiaries. Elecjet- Superior Power Banks and Graphene EV Batteries. Vayu Aerospace– Military ( $ 100 mil Contract ) and Commercial Drones. RCA Commercial Electronics– Televisions. * RNAZ.. Up 20 % Today. Transcode Therapeutics. 1st Clinical Trials Approved. * BFRG.. Bullfrog AI… * AI.. C3ai.
let's see. bullish cus sp is up. no kidding.
👍👍.I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I need guidance on what investments to make.