Here's our initial take on Meta Platforms' (META -1.08%) first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsTotal revenue$36.5 billion$42.3 billion+16%BeatAdjusted earnings per share$4.71$6.43+37%BeatFamily daily active people3.24 billion3.43 billion+6%n/aOperating margin38%41%+3 ppn/aRiding the AI WaveMeta reported first-quarter financial results that reflected a great start to 2025. Revenue rose 16% year over year, but foreign currency adjustments cost the company what wou ...