Meta shares fell in extended trading on Wednesday after the company reported lower-than-expected capital expenditures and missed on user growth.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $7.32 adjusted. The number is not comparable to estimates.
- Revenue: $56.3 billion vs. $55.45 billion estimates
Capital expenditures came in at $19.84 billion, below the $27.57 billion average estimate, according to StreetAccount.
Meta reported first-quarter daily active people, or DAP, of 3.56 billion, a 4% increase from the previous year. Wall Street was projecting that DAP would come in at 3.62 billion.
Source: https://www.cnbc.com/2026/04/29/meta-q1-earnings-report-2026.html
Meta stock drops as capex, user growth numbers come in below Wall Street estimates
byu/Puginator instocks
Posted by Puginator
18 Comments
Not good news for the rest of the AI ecosystem if capex is (30%) lower than expected?
Maybe they should rebrand to change their narrative.
Does anyone truly believe 3.5b humans are actually using meta products?
Actually, 7% user growth is in-line with their historical quarterly gains
It’s a buy below 600
Ad impressions to bots lol.
Capex is too high, stock down. Capex too low, stock down.
This company deserves to tank.
Delete FB. It’s nothing but TMZ garbage controlled by bots. Fu&k Zuck – We have the Power!
Shoot me, this POS is like 30% of my NW
He should just pull out the money, close that shitshow and enjoy rest of his life
Revenue of $56 billion, up 33% YoY.
Net income of $26.8 billion, up 61% YoY.
Those are very healthy growth numbers.
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Amazon and Google are awesome
Tf does that even mean
Maybe users have actually tried using ‘Facebook’ lately. It’s abhorrent.
Meta is OLD everyone is on Twitter now.
Meta is being propped up by bot accounts only to generate ads revenue!!!
Zuck sucks… 🤷♀️
Yeah what the hell is going on here? Meta, google, Microsoft…everyone is beating expectations yet they are all dropping?