"Meta Platforms delivered a superb GAAP EPS of $10.44, beating estimates by $3.78, while revenue rose 33.1% year over year to $56.31 billion."
"Advertising was the primary growth driver, with ad sales jumping 33% to $55 billion, while Family of Apps sales skyrocketed 34% to $55.9 billion."
"Despite the strong earnings report, shares dropped 8% post earnings, reflecting Wall Street's focus on the future and the costs associated with AI investments."
"Reality Labs remained a drag on performance, losing $4.03 billion, while family daily active users slipped due to internet disruptions and restrictions."
Meta Platforms exceeded Wall Street expectations in Q1 2026, reporting a GAAP EPS of $10.44 and revenue growth of 33.1% to $56.31 billion. Advertising drove growth, with ad sales increasing by 33% to $55 billion. Despite strong earnings, shares fell 8% post-report due to concerns about future AI investments and increased capital expenditures, which were raised to $125 billion to $145 billion. Reality Labs reported significant losses, and daily active users declined due to external disruptions.
Read at Miami Herald
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