META, SNAP: What A TIkTok Ban Would Mean For Social Media Stocks

Meta Platforms (META) earnings were released Wednesday, April 26th. Its adjusted EPS came in at $2.20 and its revenue came in at $28.64B. James Czerniawski checks in on social media stocks. He notes that META's 1Q ad impressions across its family of apps are up 26% year-over-year and price per ad is down 17% year-over-year. He also reviews Snap Inc. (SNAP) 1Q revenue which came in at $988.61M versus an estimated $1.01B. He talks about what a TikTok ban would mean for U.S. social media companies. Finally, he looks at 2023 expectations for social media companies. Tune in to find out more about the stock market today.