Meta Platforms Inc. announces reported strong first-quarter results, exceeding expectations with significant profit growth, but the stock fell in after-hours trading

Parent Instagram and Facebook Meta Platforms Inc It posted first-quarter results on Wednesday that beat expectations, showing profit growth, but the social media giant also increased its expected capital expenditures for the year.

The company earned $26.77 billion, or $10.44 per share, from January to March, up about 61% from $16.64 billion, or $6.43 per share, in the same period a year earlier. ارتفعت الإيرادات بنسبة 33٪ عن العام الماضي إلى 56.31 مليار دولار. Meta was expected to earn $6.67 per share on revenue of $55.6 billion, according to estimates of analysts surveyed by FactSet Research.

“We had an important quarter that saw strong momentum across our applications and the release of our first model from Meta Superintelligence Labs.” He said in a statement. “نحن نسير على الطريق الصحيح لتقديم الذكاء الشخصي الفائق لمليارات الأشخاص.”

Meta expects total revenues for the second and current quarter to range from $58 billion to $61 billion, compared to the average analyst estimate of $59.48 billion.

The company also updated its expected capital expenditures for the year to range from $125 billion to $145 billion, up from the previously announced range of $115 billion to $4,135 billion. Meta said the change reflects its expectations of higher component prices and, to a lesser extent, additional data center costs.

When Meta published its preliminary 2026 spending forecast at the end of last year, it said year-over-year growth was driven by increased investment to support Meta Superintelligence Labs efforts. ومنذ ذلك الحين، قالت الشركة ذلك or about 8,000 workers, as it continues to increase spending on AI infrastructure and hire highly paid AI experts.