Global Finance News
29 Apr 2026, 23:14
Meta Posts 33% Revenue Growth in Q1 2026, Hits $56.3 Billion
Meta Platforms reported first-quarter revenues of $56.3 billion, up 33% year over year, with operating income rising 30% to $22.9 billion at a 41% margin. Net income surged 61% to $26.8 billion, though results were boosted by an $8 billion one-time tax benefit. Daily active users across Meta's family of apps averaged 3.56 billion in March, up 4% from a year ago. Ad impressions grew 19% and average ad prices rose 12%. Capital expenditures reached $19.8 billion for the quarter, with full-year capex guidance raised to $125-145 billion, reflecting higher component costs and expanded data center investment. For Q2, Meta guided revenues of $58-61 billion.
Source: Meta Platforms, Inc. Press Release, April 29, 2026
Meta Platforms reported first-quarter revenues of $56.3 billion, up 33% year over year, with operating income rising 30% to $22.9 billion at a 41% margin. Net income surged 61% to $26.8 billion, though results were boosted by an $8 billion one-time tax benefit. Daily active users across Meta's family of apps averaged 3.56 billion in March, up 4% from a year ago. Ad impressions grew 19% and average ad prices rose 12%. Capital expenditures reached $19.8 billion for the quarter, with full-year capex guidance raised to $125-145 billion, reflecting higher component costs and expanded data center investment. For Q2, Meta guided revenues of $58-61 billion.
Source: Meta Platforms, Inc. Press Release, April 29, 2026