Meta beats Q1 earnings estimates and raises full-year capex forecast to $125–$145 billion for AI investment

Meta Platforms posted a profit of $10.44 per share, outpacing expectations of $8.15 per share in first quarter earnings.

The company raised its full-year capex spending forecasts to between $125 billion and $145 billion as it expects to invest more in AI.

Meta CEO Mark Zuckerberg and CFO Susan Li discussed the results on the company's earnings call.