Meta's strong ad sales dampen tariff-induced fears

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Meta Platforms rode strong advertising performance to beat analysts' revenue estimates for the first quarter and match expectations for the next quarter on Wednesday, assuaging concerns from investors over tariff-related economic growth fears. Shares of the company were up nearly 6 per cent in extended trading. The Facebook and Instagram parent company reported revenue of $42.31 billion for the first quarter, compared with analysts' average estimate of $41.40 billion, according to data compiled

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Meta's strong ad sales dampen tariff-induced fears https://www.channelnewsasia.com/ - 01.05.2025 00:47

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Meta's strong ad sales dampen tariff-induced fears https://www.channelnewsasia.com/ - 01.05.2025 00:47