Meta Platforms (META.O) said first-quarter sales reached $42 billion and said growth would remain steady in the coming months, dispelling concerns that Trump's tariffs would hurt its global digital advertising business. The social media giant said its first-quarter revenue grew 16%, beating analysts' expectations. Meta had previously expected the company's revenue to grow 8% to 16% year-on-year in the current quarter, pushing its shares up more than 6% in after-hours trading. In addition, the company had a net profit of $16.6 billion in the first quarter. Meta also said it had lowered its full-year spending forecast by $1 billion. However, Meta's metaverse business unit, Reality Labs, recorded an operating loss of $4.2 billion on sales of $412 million. Reality Labs has accumulated losses of more than $60 billion since the end of 2020.