Meta Records Historic Profit Despite Stock Decline

Meta reported its highest-ever quarterly profit, with revenue increasing 33% to $56.31 billion, surpassing analysts' expectations of $55.49 billion. Net income surged 61% year-over-year to $26.8 billion. However, despite these strong financial results, Meta's stock fell by 9%. This marks the first time Meta has reported comprehensive earnings for its family of apps in this manner.