Meta has revealed that its earnings for the first quarter stood stronger than expected. The company’s sales came in at $42.3 billion, with second-quarter revenue projected between $42.5 and $45.5 billion. Ad revenue was up 16% year-over-year.
The company’s shares rose up as much as 5% on Wednesday, after the revenue was reported. Meta’s first-quarter sales rose 16% year over year while net income jumped 35% to $16.64 billion, up from $12.37 billion a year earlier. “Our business is also performing very well, and I think we’re well positioned to navigate the macroeconomic uncertainty,” Meta CEO Mark Zuckerberg told analysts on an earnings call on Wednesday.
Meta also said it lowered the range of its 2025 total expenses, which will now come in between $113 billion to $118 billion. That figure was previously $114 billion to $119 billion. However, its 2025 capital expenditure has been increased to come in a range $64 billion to $72 billion, up from its prior outlook of $60 billion to $65 billion.
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“This updated outlook reflects additional data center investments to support our artificial intelligence efforts as well as an increase in the expected cost of infrastructure hardware,” the company said in the earnings release.
Meta Finance Chief Susan Li said that the increase in expected infrastructure hardware is the result of “suppliers who source from countries around the world.” “There’s just a lot of uncertainty around this, given the ongoing trade discussions,” she said, adding that Meta is “working on our end on mitigations by optimizing our supply chain.”
The uncertainty comes amid the situation with the sweeping tariffs that many fear might cause a slowdown.
This earnings report also came shortly after Meta faced an antitrust trial, with the Federal Trade Commission (FTC) accusing the company of using a “buy or bury” strategy to neutralize competitive threats and maintain monopoly power in the social media space.