Meta to report quarterly earnings amid tariff uncertainty and AI investment

Meta is set to report its first quarter earnings on Wednesday after the bell, and investors will be looking for news on whether the company met its quarterly revenue goals of somewhere between 39.5bn and 41.8bn. Wall Street is projecting the company will post 41.36bn in revenue on 5.21 in earnings per share. While Meta has repeatedly beaten Wall Street expectations in the past few quarters, analysts were disappointed by the first quarter revenue outlook Meta chief executive Mark Zuckerberg shared at the end of 2024. The company is also planning on spending up to 65bn on AI infrastructure by the end of 2025. Uncertainty over Donald Trump's sweeping tariffs may yet roil ad markets, clouding the company's financial outlook for near future quarters.