Meta Platforms, Inc. (META) reported first-quarter earnings for 2026, achieving $7.31 per share, which represents a 13.7% annual increase and exceeds the Zacks Consensus Estimate by 8.94%. Revenue for the quarter reached $56.31 billion, up 33.1% year-over-year, surpassing expectations by 1.47%. Notably, the Family of Apps, which includes Facebook, Instagram, and WhatsApp, contributed significantly, with revenues rising 33.4% year-over-year to $55.91 billion.
In the first quarter, advertising revenues amounted to $55.02 billion, reflecting a 33% increase, driven by a 19% rise in ad impressions and a 12% increase in average ad prices. The company’s costs and expenses increased 35.1% year-over-year to $33.44 billion, primarily due to infrastructure and employee compensation costs. Meta’s cash flow from operating activities was robust at $32.23 billion, supporting capital expenditures of $19.84 billion for infrastructure.
For the second quarter of 2026, Meta anticipates total revenues between $58 billion and $61 billion, with capital expenditures now expected to range from $125 billion to $145 billion for the year. As of March 31, 2026, Meta reported cash and cash equivalents of $81.18 billion and long-term debt of $58.75 billion.
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