Shares are down 10% in after-market trading.
The company also owns Instagram and WhatsApp.
Revenue rose 27% to $36.46 billion for the quarter.
Mark ZuckerbergMega
Net income of $12.4 billion was way up from $5.7 billion the year before.
This is shaping up to be a massive legal battle with potential good news for rivals like Metas Reels.
CEOMark Zuckerbergwill likely be asked about it on a call starting at 5 pm ET.
Its been a good start to the year, said Zuckerberg, Meta founder, in a statement.
The new version of Meta AI with Llama 3 is another step towards building the worlds leading AI.
Were seeing healthy growth across our apps and we continue making steady progress building the metaverse as well.
