By coinnews 
00:00 Speaker A
Taking a look at shares of meta, pushing higher here up over 5.5% after the company did top earnings expectations. Now, a weaker dollar, it might just be meta’s new best friend. It’s not just about meta. A weaker dollar can be good news for any US company that gets a significant amount of revenue from abroad. But looking at meta specifically, let’s unpack why that is. When the US dollar dips, every euro, every pound, every yen that meta earns overseas suddenly translates into more dollars when they bring it back home because those currencies are worth more when compared to the declining US dollar. This isn’t just a theory. It’s showing up in the numbers. Here’s what Wedbush Securities managing director, Scott Devitt, told Yahoo Finance.
01:29 Scott Devitt
You know, it’s interesting because last quarter when companies reported, the dollar had just completed a period where it strengthened by 4 percentage points. And this quarter into the guides, uh, the dollar had depreciated. So it’s a nice offset to this uncertainty of of tariffs to be able to guide into that kind of favorable light, especially with meta having 60% of revenue coming from outside the US.
02:13 Speaker A
As you just heard in the first quarter, over 55% of meta’s total revenue was from international users. Most of that revenue coming from Europe and Asia, smaller share coming from the rest of the world, and you can see all of that revenue on the screen behind me here.