Meta Platforms' Earnings Report Sparks Share Price Drop Amid Raised Capital Expenditures and Revenue Concerns
Shares of Meta Platforms fell about 10% following its Q1 2026 earnings report, primarily due to an upward revision in capital expenditures. The company raised its capex forecast to $125 billion–$145 billion from $115 billion–$135 billion, citing higher component costs like memory pricing. Despite strong revenue growth of 33% year-over-year and improved ad metrics, concerns over spending increases and potential future guidance weighed on the stock.
Tickers: $META
Topics: ad revenue growth capital expenditures Meta stock price drop