- Meta reported a 4 percent foreign exchange tailwind to its year over year revenue for the first quarter
- The company maintained its massive 2026 capital expenditure forecast between 115 billion and 135 billion dollars to support AI infrastructure
- Advertising revenue reached 54.36 billion dollars driven by AI enhanced engagement and improved recommendation systems
- Analysts noted that the company is prioritizing capital investment in AI over other operational costs to maintain its market leadership
- Prediction markets correctly anticipated the strong beat with a 90 percent probability assigned prior to the official release
Meta exceeds first quarter expectations with significant revenue and earnings beats
Apr 29, 2026, 8:04:38 PM UTC(1 day ago)
Impact: HighAffected Assets
Sources
From:@YahooFinance
$META Q1 earnings:
💵 Revenue: $56.31B vs $55.5B expected
💲 EPS: $10.44 vs $8.15 expected
➡️ Q2 revenue forecast: $58B to $61B vs $59.56B expected https://t.co/9hcbTqoHvc
