Key insights
- Meta's stock declined after hours due to lower-than-expected capital expenditures and daily active user (DAU) numbers, despite a revenue beat. Lower capex signals potential slowing investment in future growth initiatives. The DAU miss raises concerns about user engagement. These factors contribute to a slightly bearish outlook for Meta and potentially other tech companies reliant on user growth and heavy investment.
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