Meta Jumps on Resilient Ad Sales, Plans to Navigate Tariffs

Meta Platforms Inc. shares jumped after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war, with first-quarter revenue beating expectations.

The maker of Facebook and Instagram reported $42.3 billion in first-quarter sales, the company said in a statement Wednesday. That topped analysts’ estimates for $41.4 billion for the quarter ended March 31. Meta also said current-quarter revenue will be in line with analysts’ expectations, and that it’s responding to the trade war by rethinking suppliers and projecting higher costs for infrastructure.