Meta delivers an earnings beat, sending its stock higher

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Meta’s Q1 free cash flow was $10.33 billion, down from $12.53 billion a year ago, and the lowest total since Q1 2023.

Still, FCF beat the FactSet consensus of $8.61 billion.

FCF was made up of $24.03 billion in net cash provided by operating activities, which was reduced by $12.94 billion from purchases of property and equipment and by $751 million from principal payments on finance leases.

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