finance
Meta Q1 2026 Revenue Rises 33%, Stock Drops 7% After Hours
Meta Platforms Inc. posted stronger-than-expected Q1 2026 earnings with 33% year-over-year revenue growth driven by advertising. The company announced higher capital expenditures for 2026. Shares fell more than 7% after the release as capital spending and user growth missed Wall Street estimates.
Apr 29, 5:45 PM·1m read4 sources
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Meta Platforms Inc. reported Q1 2026 earnings that exceeded expectations, with revenue rising 33% year-over-year. The results highlighted strong advertising performance. However, the company's stock plunged over 7% in after-hours trading following the release.
Higher capital expenditures for 2026 emerged as a key focus in the earnings report. Meta projected increased spending that could impact free cash flow. Wall Street analysts had anticipated lower figures for both capital expenditures and user growth, which came in below estimates.
The revenue growth stemmed primarily from robust ad sales across Meta's platforms. Daily active users and engagement metrics supported the advertising strength, though specific user numbers disappointed investors. The earnings release, issued after market close on April 29, 2026, prompted the immediate sell-off in shares of Meta Platforms ($META).
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