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Meta Platforms, Inc. (NASDAQ: META) reported its Q1 2026 earnings on March 31, 2026, revealing earnings per share of $7.31, a 13.7% year-over-year increase that surpassed estimates by 8.94%. Total revenues surged 33.1% to $56.31 billion, exceeding the consensus estimate by 1.47%. The company’s advertising business remains robust, with advertising revenues reaching $55.02 billion, up 33% year-over-year.
Meta’s Family of Apps, which constitutes 99.3% of overall revenues, generated $55.91 billion, reflecting a substantial increase driven by a 19% rise in ad impressions. Operating expenses increased by 35.1% to $33.44 billion, largely due to higher infrastructure and employee costs, while operating income rose 30.3% to $22.87 billion.
Looking ahead, Meta forecasts Q2 2026 revenues between $58 billion and $61 billion, maintaining its 2026 expense outlook of $162 billion to $169 billion while increasing capital expenditures to a projected $125 billion to $145 billion. As of March 31, 2026, Meta held $81.18 billion in cash and cash equivalents, with long-term debt standing at $58.75 billion.
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