economy
May 1, 2026
Meta earnings recap: Revenue beat estimates but stock tumbles as capex expected to reach up to $145B
Meta delivered a Q1 beat, with revenue of $56.3 billion that topped Wall Street estimates — but Wall Street looked spooked by rising capex spending.
TL;DR
- Meta's Q1 revenue reached $56.3 billion, exceeding Wall Street estimates.
- The company's stock experienced a decline following the earnings report.
- Increased capital expenditure spending is a key concern for investors.