Meta's First-Quarter Earnings Boosted by One-Time Tax Benefit
Meta Platforms reported a 33% year-over-year revenue increase to $56.3 billion in Q1 2026, driven by strong ad revenue growth. However, reported net income surged 61% to $26.8 billion largely due to an $8.03 billion one-time tax benefit, which masked slower adjusted earnings growth compared to revenue.
Tickers: $META
Topics: advertising capital_expenditure earnings Meta revenue