diff --git a/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts b/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts
index b1480d76dc0f3..077d30f121a30 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/Entrypoint/Pipeline.ts
@@ -262,7 +262,7 @@ function* runWithEnvironment(
     value: hir,
   });
 
-  memoizeFbtOperandsInSameScope(hir);
+  const fbtOperands = memoizeFbtOperandsInSameScope(hir);
   yield log({
     kind: "hir",
     name: "MemoizeFbtAndMacroOperandsInSameScope",
@@ -484,7 +484,10 @@ function* runWithEnvironment(
     validatePreservedManualMemoization(reactiveFunction);
   }
 
-  const ast = codegenFunction(reactiveFunction, uniqueIdentifiers).unwrap();
+  const ast = codegenFunction(reactiveFunction, {
+    uniqueIdentifiers,
+    fbtOperands,
+  }).unwrap();
   yield log({ kind: "ast", name: "Codegen", value: ast });
   for (const outlined of ast.outlined) {
     yield log({ kind: "ast", name: "Codegen (outlined)", value: outlined.fn });
diff --git a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
index ff11c09939aca..bd44b18423536 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/CodegenReactiveFunction.ts
@@ -100,12 +100,19 @@ export type CodegenFunction = {
 
 export function codegenFunction(
   fn: ReactiveFunction,
-  uniqueIdentifiers: Set<string>
+  {
+    uniqueIdentifiers,
+    fbtOperands,
+  }: {
+    uniqueIdentifiers: Set<string>;
+    fbtOperands: Set<IdentifierId>;
+  }
 ): Result<CodegenFunction, CompilerError> {
   const cx = new Context(
     fn.env,
     fn.id ?? "[[ anonymous ]]",
     uniqueIdentifiers,
+    fbtOperands,
     null
   );
 
@@ -281,7 +288,8 @@ export function codegenFunction(
       new Context(
         cx.env,
         reactiveFunction.id ?? "[[ anonymous ]]",
-        identifiers
+        identifiers,
+        cx.fbtOperands
       ),
       reactiveFunction
     );
@@ -391,17 +399,20 @@ class Context {
   errors: CompilerError = new CompilerError();
   objectMethods: Map<IdentifierId, ObjectMethod> = new Map();
   uniqueIdentifiers: Set<string>;
+  fbtOperands: Set<IdentifierId>;
   synthesizedNames: Map<string, ValidIdentifierName> = new Map();
 
   constructor(
     env: Environment,
     fnName: string,
     uniqueIdentifiers: Set<string>,
+    fbtOperands: Set<IdentifierId>,
     temporaries: Temporaries | null = null
   ) {
     this.env = env;
     this.fnName = fnName;
     this.uniqueIdentifiers = uniqueIdentifiers;
+    this.fbtOperands = fbtOperands;
     this.temp = temporaries !== null ? new Map(temporaries) : new Map();
   }
   get nextCacheIndex(): number {
@@ -1776,6 +1787,7 @@ function codegenInstructionValue(
                   cx.env,
                   reactiveFunction.id ?? "[[ anonymous ]]",
                   cx.uniqueIdentifiers,
+                  cx.fbtOperands,
                   cx.temp
                 ),
                 reactiveFunction
@@ -1979,6 +1991,7 @@ function codegenInstructionValue(
           cx.env,
           reactiveFunction.id ?? "[[ anonymous ]]",
           cx.uniqueIdentifiers,
+          cx.fbtOperands,
           cx.temp
         ),
         reactiveFunction
@@ -2229,7 +2242,10 @@ function codegenJsxAttribute(
       switch (innerValue.type) {
         case "StringLiteral": {
           value = innerValue;
-          if (STRING_REQUIRES_EXPR_CONTAINER_PATTERN.test(value.value)) {
+          if (
+            STRING_REQUIRES_EXPR_CONTAINER_PATTERN.test(value.value) &&
+            !cx.fbtOperands.has(attribute.place.identifier.id)
+          ) {
             value = createJsxExpressionContainer(value.loc, value);
           }
           break;
diff --git a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/MemoizeFbtAndMacroOperandsInSameScope.ts b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/MemoizeFbtAndMacroOperandsInSameScope.ts
index 91121cd9bfbac..037765f1e9cab 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/MemoizeFbtAndMacroOperandsInSameScope.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/ReactiveScopes/MemoizeFbtAndMacroOperandsInSameScope.ts
@@ -39,7 +39,9 @@ import { eachReactiveValueOperand } from "./visitors";
  * Users can also specify their own functions to be treated similarly to fbt via the
  * `customMacros` environment configuration.
  */
-export function memoizeFbtAndMacroOperandsInSameScope(fn: HIRFunction): void {
+export function memoizeFbtAndMacroOperandsInSameScope(
+  fn: HIRFunction
+): Set<IdentifierId> {
   const fbtMacroTags = new Set([
     ...FBT_TAGS,
     ...(fn.env.config.customMacros ?? []),
@@ -52,6 +54,7 @@ export function memoizeFbtAndMacroOperandsInSameScope(fn: HIRFunction): void {
       break;
     }
   }
+  return fbtValues;
 }
 
 export const FBT_TAGS: Set<string> = new Set([
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-newline.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-newline.expect.md
deleted file mode 100644
index 054804c3e1d29..0000000000000
--- a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-newline.expect.md
+++ /dev/null
@@ -1,36 +0,0 @@
-
-## Input
-
-```javascript
-import fbt from "fbt";
-
-function Component(props) {
-  const element = (
-    <fbt desc={"Dialog to show to user"}>
-      Hello{" "}
-      <fbt:param
-        name="a really long description
-      that got split into multiple lines"
-      >
-        {props.name}
-      </fbt:param>
-    </fbt>
-  );
-  return element.toString();
-}
-
-export const FIXTURE_ENTRYPOINT = {
-  fn: Component,
-  params: [{ name: "Jason" }],
-};
-
-```
-
-
-## Error
-
-```
-Cannot read properties of undefined (reading 'replace')
-```
-          
-      
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-quotes.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-quotes.expect.md
deleted file mode 100644
index 9d616baf58b08..0000000000000
--- a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-quotes.expect.md
+++ /dev/null
@@ -1,30 +0,0 @@
-
-## Input
-
-```javascript
-import fbt from "fbt";
-
-function Component(props) {
-  const element = (
-    <fbt desc={"Dialog to show to user"}>
-      Hello <fbt:param name='"user" name'>{props.name}</fbt:param>
-    </fbt>
-  );
-  return element.toString();
-}
-
-export const FIXTURE_ENTRYPOINT = {
-  fn: Component,
-  params: [{ name: "Jason" }],
-};
-
-```
-
-
-## Error
-
-```
-Property arguments[0] of CallExpression expected node to be of a type ["Expression","SpreadElement","JSXNamespacedName","ArgumentPlaceholder"] but instead got "JSXExpressionContainer"
-```
-          
-      
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-unicode.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-unicode.expect.md
deleted file mode 100644
index ef75314048d65..0000000000000
--- a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-unicode.expect.md
+++ /dev/null
@@ -1,30 +0,0 @@
-
-## Input
-
-```javascript
-import fbt from "fbt";
-
-function Component(props) {
-  const element = (
-    <fbt desc={"Dialog to show to user"}>
-      Hello <fbt:param name="user name ☺">{props.name}</fbt:param>
-    </fbt>
-  );
-  return element.toString();
-}
-
-export const FIXTURE_ENTRYPOINT = {
-  fn: Component,
-  params: [{ name: "Jason" }],
-};
-
-```
-
-
-## Error
-
-```
-Property arguments[0] of CallExpression expected node to be of a type ["Expression","SpreadElement","JSXNamespacedName","ArgumentPlaceholder"] but instead got "JSXExpressionContainer"
-```
-          
-      
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-newline.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-newline.expect.md
new file mode 100644
index 0000000000000..67402ba3bd788
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-newline.expect.md
@@ -0,0 +1,75 @@
+
+## Input
+
+```javascript
+import fbt from "fbt";
+
+function Component(props) {
+  const element = (
+    <fbt desc={"Dialog to show to user"}>
+      Hello{" "}
+      <fbt:param
+        name="a really long description
+      that got split into multiple lines"
+      >
+        {props.name}
+      </fbt:param>
+    </fbt>
+  );
+  return element.toString();
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{ name: "Jason" }],
+};
+
+```
+
+## Code
+
+```javascript
+import { c as _c } from "react/compiler-runtime";
+import fbt from "fbt";
+
+function Component(props) {
+  const $ = _c(4);
+  let t0;
+  if ($[0] !== props.name) {
+    t0 = fbt._(
+      "Hello {a really long description that got split into multiple lines}",
+      [
+        fbt._param(
+          "a really long description that got split into multiple lines",
+
+          props.name,
+        ),
+      ],
+      { hk: "1euPUp" },
+    );
+    $[0] = props.name;
+    $[1] = t0;
+  } else {
+    t0 = $[1];
+  }
+  const element = t0;
+  let t1;
+  if ($[2] !== element) {
+    t1 = element.toString();
+    $[2] = element;
+    $[3] = t1;
+  } else {
+    t1 = $[3];
+  }
+  return t1;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{ name: "Jason" }],
+};
+
+```
+      
+### Eval output
+(kind: ok) "Hello Jason"
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-newline.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-newline.js
similarity index 100%
rename from compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-newline.js
rename to compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-newline.js
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-quotes.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-quotes.expect.md
new file mode 100644
index 0000000000000..4fc0d198c674f
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-quotes.expect.md
@@ -0,0 +1,61 @@
+
+## Input
+
+```javascript
+import fbt from "fbt";
+
+function Component(props) {
+  const element = (
+    <fbt desc={"Dialog to show to user"}>
+      Hello <fbt:param name='"user" name'>{props.name}</fbt:param>
+    </fbt>
+  );
+  return element.toString();
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{ name: "Jason" }],
+};
+
+```
+
+## Code
+
+```javascript
+import { c as _c } from "react/compiler-runtime";
+import fbt from "fbt";
+
+function Component(props) {
+  const $ = _c(4);
+  let t0;
+  if ($[0] !== props.name) {
+    t0 = fbt._('Hello {"user" name}', [fbt._param('"user" name', props.name)], {
+      hk: "S0vMe",
+    });
+    $[0] = props.name;
+    $[1] = t0;
+  } else {
+    t0 = $[1];
+  }
+  const element = t0;
+  let t1;
+  if ($[2] !== element) {
+    t1 = element.toString();
+    $[2] = element;
+    $[3] = t1;
+  } else {
+    t1 = $[3];
+  }
+  return t1;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{ name: "Jason" }],
+};
+
+```
+      
+### Eval output
+(kind: ok) "Hello Jason"
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-quotes.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-quotes.js
similarity index 100%
rename from compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-quotes.js
rename to compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-quotes.js
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-unicode.expect.md b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-unicode.expect.md
new file mode 100644
index 0000000000000..221a585591d74
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-unicode.expect.md
@@ -0,0 +1,63 @@
+
+## Input
+
+```javascript
+import fbt from "fbt";
+
+function Component(props) {
+  const element = (
+    <fbt desc={"Dialog to show to user"}>
+      Hello <fbt:param name="user name ☺">{props.name}</fbt:param>
+    </fbt>
+  );
+  return element.toString();
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{ name: "Jason" }],
+};
+
+```
+
+## Code
+
+```javascript
+import { c as _c } from "react/compiler-runtime";
+import fbt from "fbt";
+
+function Component(props) {
+  const $ = _c(4);
+  let t0;
+  if ($[0] !== props.name) {
+    t0 = fbt._(
+      "Hello {user name ☺}",
+      [fbt._param("user name \u263A", props.name)],
+      { hk: "1En1lp" },
+    );
+    $[0] = props.name;
+    $[1] = t0;
+  } else {
+    t0 = $[1];
+  }
+  const element = t0;
+  let t1;
+  if ($[2] !== element) {
+    t1 = element.toString();
+    $[2] = element;
+    $[3] = t1;
+  } else {
+    t1 = $[3];
+  }
+  return t1;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Component,
+  params: [{ name: "Jason" }],
+};
+
+```
+      
+### Eval output
+(kind: ok) "Hello Jason"
\ No newline at end of file
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-unicode.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-unicode.js
similarity index 100%
rename from compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/error.todo-fbt-param-with-unicode.js
rename to compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/fbt/fbt-param-with-unicode.js