Meta Platforms Inc, the company formerly known as Facebook, is poised to announce Q1 financial results with projected revenues between $34.5-37.0 billion.

Analysts predict a 26% revenue increase year-over-year, the highest since 2021, powered by Meta's revamped AI-driven ad business.

Despite a potential slowdown in Chinese advertising spending, analyst sentiment is high due to Meta's successful short-form video monetization.

Meta's Reality Labs division continues to operate at a loss, yet revenue is expected to rise by 51% this quarter.

Forecasts suggest Meta will surpass Q1 expectations and offer strong Q2 guidance, fueled by effective AI investment and improved advertiser returns.

To boost confidence in the tech sector, Meta's financial performance must exceed the lofty expectations set by investors and market observers.

Company executives will detail the financial outcomes and provide insights during a conference call with analysts at 5 p.m. ET today.