Meta Platforms (META) reported Q1 earnings Wednesday of $6.43 per diluted share, up from $4.71 a year earlier.

Analysts polled by FactSet expected $5.23.

Revenue in the three months ended March 31 rose to $42.3 billion from $36.5 billion a year earlier.

Analysts surveyed by FactSet expected $41.3 billion.

The company expects Q2 revenue of $42.5 billion to $45.5 billion.

Analysts polled by FactSet expect $43.8 billion.

Meta shares rose 4.7% in after-hours trading.