U.S. social media giant Meta Platforms, Inc., on Wednesday reported financial results for the first quarter ending March 31, 2025, with a total quarterly revenue of 42.3 billion U.S. dollars, an increase of 16 percent year on year.

The company's quarterly net income increased to 16.6 billion dollars, a leap of 35 percent. The diluted earnings per share for the quarter jumped to 6.43 dollars from 4.71 dollars in the same period of 2024, said Meta, the parent company of Facebook, Instagram and WhatsApp, and based in Menlo Park, California.

The family daily active people (DAP) was 3.43 billion on average for March 2025, an increase of 6 percent year over year.

Its cash, cash equivalents and marketable securities were 70.23 billion dollars as of March 31, 2025. Cash flow from operating activities was 24.03 billion dollars and free cash flow was 10.33 billion dollars.

"We've had a strong start to an important year, our community continues to grow and our business is performing very well," said Mark Zuckerberg, Meta founder and CEO. "We're making good progress on AI glasses and Meta AI, which now has almost 1 billion monthly actives."

"We anticipate our full year 2025 capital expenditures, including principal payments on finance leases, will be in the range of 64-72 billion dollars, increased from our prior outlook of 60-65 billion dollars," the company said.

According to Meta, it continues to monitor an active regulatory landscape, including legal and regulatory headwinds in the EU and the United States that could significantly impact the company's business and financial results.

Its headcount was 76,834 as of March 31, 2025, an increase of 11 percent year-over-year.

The company expects second quarter 2025 total revenue to be in the range of 42.5-45.5 billion dollars, and the full year 2025 total expenses to be in the range of 113-118 billion dollars.