The debate over whether Meta is in decline may become quieted, at least for now.After three straight quarters of falling revenue, Meta, the company formerly known as Facebook, reported on Wednesday that revenue for the first quarter jumped 3 percent from a year earlier, to $28.6 billion. Profits fell 24 percent, to $5.7 billion, partly because of restructuring charges.The results, which surpassed Wall Street expectations and Meta’s own guidance, were bolstered by a growth in users. The company added 37 million daily users to Facebook, its marquee app, up 4 percent from a year earlier and a turnaround from the first-ever drop in its users that it reported in early 2022.“We had a good quarter, and our community continues to grow,” Mark Zuckerberg, the chief executive of Meta, said in a statement. He added that the company was “becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long-term vision.”The performance c …
