Social media giant Meta has not yet predicted a slowdown in its business, which has brought Wall Street expectations to expectations in the first quarter and released guidance for the second quarter in analyst forecasts.

In the first quarter of 2025, META greatly exceeded expectations. The company, a parent to Facebook and Instagram, reported revenue of $42.31 billion (up 16%) and net revenue of $16.64 billion (up 35%), or $6.43 per share. Wall Street expects revenue to be $41.36 billion and earnings per share of $5.22.

Meta expects total revenue in the second quarter of 2025 to be US$42.5 billion - US$45.5 billion, a year-on-year increase of 8.8% - 16.5%. Analysts forecast sales of $43.81 billion in the June quarter.

“We have started a big year, our community continues to grow and our business is doing well,” said Mark Zuckerberg, chairman and CEO of Meta, in the company’s earnings report. “We have made great progress in AI glasses and Meta AI, and now have nearly 1 billion active people per month.”

Meta plans to spend a lot of money on AI this year, even more than three months ago. The company said it expects capital expenditures of $64 billion to $72 billion in 2025, with its forecasts increasing by $60 billion to $65 billion. Higher capital expenditures reflect “additional data center investment to support our AI efforts as well as the expected increase in infrastructure hardware.”

Meta said in March 2025 that the number of daily active users in its app averaged 3.43 billion up 6% year-on-year. The company's "Daily Activity in the Family (DAP)" metrics include Facebook, Instagram, Messenger and WhatsApp.

Other Internet players said they expect some kickbacks for advertising spending. When asked about the possibility of macroeconomic uncertainty affecting Google's second-quarter advertising sales, Chief Business Officer Philipp Schindler told analysts last week: "It's too early to make a real comment on this," but for the full year of 2025, the new tariffs will obviously cause a slight headwind in our advertising business, mainly because retailers in the Asia-Pacific region deviate from our advertising business. Snapchat parents Snap did not publish "uncertainty" about the market and said its advertising sales have "suffered headwinds" so far in April.