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Meta tops estimates after posting $56.31 billion in Q1 revenue, stock crashes 7%
Meta (META) shares dropped 7% in extended trading Wednesday after the company beat Wall Street’s revenue target but still gave investors two things they did not like: weaker user growth and capital spending that came in below some expectations for the quarter. The reaction looked harsh on the surface because the headline numbers were not weak. Meta reported $56.31 billion in Q1 2026 revenue, above the $55.45 billion estimate from analysts polled…
Meta Platforms' quarterly figures are on a crucial day for the US stock markets, as four of the so-called Magnificent Seven are now presenting their annual reports. In addition to Meta, Microsoft, Alphabet and Amazon also report. The focus is on the AI boom – specifically the question of whether the massive investments are increasingly reflected in sales and profitability. Meta plays a [...] The post Meta-Quartals: Profit increases strongly, but…
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