Withstanding tariff pressure and ramping up AI! Meta's Q1 performance slows but exceeds expectations, raising this year's capital expenditure guidance | Earnings Report Insights
Meta's performance in the first quarter of 2023, although slowed down, exceeded Wall Street expectations. Despite facing tariff pressures from the Trump administration, Meta has raised its capital expenditure guidance for this year, particularly in investments in artificial intelligence
In the first quarter of this year, Meta, which operates social media platforms like Facebook, withstood the impending impact of the tariff storm from the Trump administration. Revenue and profit have slowed down, but the degree of slowdown is not as severe as Wall Street expected. Meta also raised its capital expenditure forecast for this year, further increasing its investment in artificial intelligence (AI).
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