Meta announced strong financial results for the first quarter of 2026, surpassing analyst expectations in both revenue and earnings, yet the stock declined by approximately 7% in after-hours trading.<\/p>\n\n\n\n
What explains this decline despite the record-breaking numbers?<\/p>\n\n\n\n
Meta recorded revenue of $56.31 billion in the first quarter, representing a year-over-year growth of 33%, the highest growth rate since the end of 2021. Revenue exceeded analyst expectations ($55.36 billion) and approached the upper end of the company's guidance.<\/p>\n\n\n\n
Adjusted earnings per share reached $10.44, a massive year-over-year increase of 62%. However, it should be noted that this figure was driven by a non-recurring tax benefit of $8.03 billion; excluding this effect, the true earnings per share would have been $7.31, approximately 14% above expectations.<\/p>\n\n\n\n
Meta managed to control expense growth, achieving an operating margin of 41%, a stable ratio compared to the previous quarter and better than analyst estimates. Nevertheless, the company kept its annual expense guidance unchanged, suggesting that margin erosion may appear later in the year.<\/p>\n\n\n\n
Daily active users across Meta's apps increased by 4% year-over-year, the slowest growth rate in five years, due to disruptions in Iran and restrictions in Russia. In contrast, ad impressions surged by 19%, the highest rate since the beginning of 2024, while the average ad price rose by 12%, the best performance since the end of 2024.<\/p>\n\n\n\n
You may be interested in | Meta Loses, Thinking Machines Wins: How the Talent Migration Signaled a Power Shift<\/a><\/strong><\/p>\n\n\n\n Meta raised its annual capital expenditure guidance for 2026 to a range of $125\u2013145 billion, compared to the previous estimate of $115\u2013135 billion. This indicates an increase in the average guidance of approximately 8%.<\/p>\n\n\n\n Meta explained that rising supplier prices are the main reason for the increased expenses, along with additional needs for data centers.<\/p>\n\n\n\n This trend has raised investor concerns, as increased capital expenditure means the company is paying more to obtain the same infrastructure capabilities, adding pressure on returns from artificial intelligence investments.<\/p>\n\n\n\n Despite launching the AI model Muse Spark, Meta did not provide clear details on the direct commercial products the model will support, unlike other companies such as Amazon and Microsoft, where AI revenues are disclosed and direct.<\/p>\n\n\n\n The fruits of AI at Meta are still primarily reflected in improving the advertising segment, rather than through independent revenue streams.<\/p>\n\n\n\n For the latest bold investment news, follow a tour on <\/em>X<\/em><\/a> or <\/em>LinkedIn<\/em><\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":" \u0623\u0639\u0644\u0646\u062a \u0634\u0631\u0643\u0629 Meta \u0639\u0646 \u0646\u062a\u0627\u0626\u062c \u0645\u0627\u0644\u064a\u0629 \u0642\u0648\u064a\u0629 \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0623\u0648\u0644 2026\u060c \u0645\u062a\u062c\u0627\u0648\u0632\u0629 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0645\u062d\u0644\u0644\u064a\u0646 \u0633\u0648\u0627\u0621 \u0641\u064a \u0627\u0644\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0623\u0648 \u0627\u0644\u0623\u0631\u0628\u0627\u062d\u060c \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u0633\u0647\u0645 \u062a\u0631\u0627\u062c\u0639 \u0628\u0646\u062d\u0648 7% \u0641\u064a \u062a\u062f\u0627\u0648\u0644\u0627\u062a \u0645\u0627 \u0628\u0639\u062f \u0627\u0644\u0625\u063a\u0644\u0627\u0642. \u0641\u0645\u0627 \u0627\u0644\u0630\u064a \u064a\u0641\u0633\u0631 \u0647\u0630\u0627 \u0627\u0644\u062a\u0631\u0627\u062c\u0639 \u0631\u063a\u0645 \u0627\u0644\u0623\u0631\u0642\u0627\u0645 \u0627\u0644\u0642\u064a\u0627\u0633\u064a\u0629\u061f \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0648\u0623\u0631\u0628\u0627\u062d \u062a\u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0628\u0648\u0636\u0648\u062d \u0633\u062c\u0644\u062a Meta \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0644\u063a\u062a 56.31 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0623\u0648\u0644\u060c \u0645\u0627 \u064a\u0645\u062b\u0644 […]<\/p>\n","protected":false},"author":887,"featured_media":54751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9082],"tags":[13025,13075,13733],"class_list":["post-54750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meta","tag-13075","tag-13733"],"_links":{"self":[{"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/posts\/54750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/users\/887"}],"replies":[{"embeddable":true,"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/comments?post=54750"}],"version-history":[{"count":0,"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/posts\/54750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/media\/54751"}],"wp:attachment":[{"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/media?parent=54750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/categories?post=54750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jawlah.co\/en\/wp-json\/wp\/v2\/tags?post=54750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Increased capital expenditure<\/h2>\n\n\n\n
New artificial intelligence products<\/h2>\n\n\n\n
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