Despite Meta introducing major content moderation changes, advertisers spent more than $41 billion with Meta in the first quarter.
Meta's revenue from advertising reached $42 billion in the quarter, surpassing analysts' expectations and increasing by 16% year over year.
The company's AI-powered ad tools, Advantage Plus, were credited for the strong performance, automating various aspects of ad campaigns.
Meta's ad business remains robust, with expectations to post revenue between $42.5 billion and $45.5 billion next quarter, ahead of analysts' forecasts.