(Reuters) – Meta Platforms reported solid advertising sales in the first quarter on Wednesday, beating analysts’ expectations on its turnover and soothing the fears of investors linked to the repercussions of new customs rights implemented by the American administration.
The title of the company based in Menlo Park in California climbed more than 4% in post-clothing stock exchange.
Over the January-March period, Meta recorded a turnover of $ 42.31 billion, beating the consensus which appeared at 41.40 billion according to LSEG data.
The parent company of social networks Facebook and Instagram anticipates a turnover for the current quarter between 42.5 billion and $ 45.5 billion, while analysts said they expect an amount of $ 44.01 billion on average.
Meta published a quarterly profit of $ 6.43 per share, against a consensus of $ 5.28 per share from LSEG data.
He also revised up his capital spending projects for the whole year, with an expected amount between 64 billion and $ 72 billion. The managing director, Mark Zuckerberg, had announced in the past that these expenses could amount to $ 65 billion in 2025.
The total expenditure of the company has been revised downwards. Meta said on Wednesday anticipating that they will be located this year between 113 billion and $ 118 billion, against a range of 114 billion-19th billion before.
Faced with the uncertainties provoked by the trade policy of American president Donald Trump, who pushed many companies to review their expenses, Meta can count on the mass of users of his platforms to remain a privileged relay for advertisers.
The fact remains that the technological group is on trial in Washington for accusations of anti -competitive practices as part of the acquisitions of WhatsApp and Instagram.
He also seeks to fight against the impression he would have lagged behind in the race for artificial intelligence (AI), while the performance of his LLAMA 4 models, unveiled earlier this month, disappointed.
(Jaspreet Singh in Bangalore, Kenrick Cai in San Francisco, Echo Wang in New York; Jean Terzian)
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