Meta shares jump on 16% revenue hike driven by strong ad sales
Meta's shares have risen over the past few days after the social media company recorded a 16% year-over-year jump in first-quarter revenue. The higher-than-expected revenue of $42.31 billion was driven by strong advertising revenue at $41.39 billion, which surpassed Wall Street estimates. Meta's resilient ad demand comes amid tariffs creating uncertain macroeconomic conditions.