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Meta Platforms Forecasts Q2 Revenue Surpassing Market Expectations

Meta Platforms Inc (NASDAQ: META) announced on Wednesday a higher-than-expected forecast for their second-quarter revenue. The company's projection surpasses market expectations as advertisers lean towards established platforms like Facebook and Instagram amidst growing economic uncertainties.

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Revenue Estimates Comparison

The company's predicted revenue for the current quarter ranges from $29.5 billion to $32 billion. This estimation outperforms analysts' predictions of $29.53 billion, as Refinitiv data indicates.