Key Points
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Meta Platforms’ first-quarter revenue rose 33% year-over-year to $56.3 billion.
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Management increased its 2026 capital expenditure forecast to $125 billion to $145 billion.
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Operating income reached $22.9 billion with a 41% operating margin.
On Thursday, shares of Meta Platforms (NASDAQ: META) fell by as much as 10% following the release of strong quarterly results on Wednesday, which showed revenue significantly increasing from 24% growth in the previous quarter. This decline continued a trend where Meta’s stock has lost over 20% since its fall 2025 high near $796.
Despite the stock’s reaction, the company reported impressive operating metrics, including a 19% increase in ad impressions and an average of 3.56 billion daily active users, a 4% year-over-year increase. However, the stock’s drop is attributed to the raised capital expenditure forecast for 2026, nearly doubling the previous year’s spending, which Meta justified as necessary for future growth and capacity expansion.
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