Meta shares rise over 6.5% after hours as earnings call begins

The notable detail here is timing: the move is being attributed to the call itself rather than the headline numbers, which suggests the market is reacting to management commentary and guidance tone as much as the reported results. Because no figures were disclosed in the initial update, the size of the after-hours gain currently rests on narrative rather than disclosed fundamentals. Whether that gain holds once the call concludes and the details are digested is the open question worth tracking.