Shares of Meta Platforms (META) fell nearly 7% in after-hours trading on [date], following the company’s first-quarter earnings report for 2026. Despite posting adjusted earnings of $7.31 per share—surpassing estimates by 8.9%—and an overall revenue increase, a higher capital expenditure projection of $125-$145 billion for 2026 and disappointing user growth negatively affected investor sentiment.
In Q1, Meta served 19% more ad impressions year-over-year and saw a 12% increase in the average price per ad, attributed to improved ad performance and macroeconomic conditions. The company also reported a $107 billion increase in contractual obligations due to its AI initiatives, which aim to enhance user engagement and advertising relevance.
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