Meta Shares Fall After Missing User Growth, Capital Expenditure Estimates
Q1 revenue beat expectations at $56.3B but daily active people came in below Wall Street projections
Quick Look
- Meta shares fell in extended trading after reporting Q1 2026 earnings.
- Revenue of $56.3 billion beat the $55.45 billion estimate, but capital expenditures of $19.84 billion missed the $27.57 billion expectation.
- Daily Active People reached 3.56 billion, up 4% year-over-year but below the 3.62 billion Wall Street projection.
AI-generated summary
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. This is breaking news. Please check back for updates.
