Meta Platforms Inc (NASDAQ:META) shares are plummeting on Thursday even after the company delivered solid first-quarter results. The pressure is coming from a jump in full‑year CapEx guidance and a quarter‑over‑quarter decline in family daily active people.
- Meta Platforms stock is showing notable weakness. Why is META stock falling?
Inside Meta’s Q1 Results
Meta topped expectations on both revenue and earnings, but the market is focusing on the company’s decision to raise FY26 capital spending to a range of $125 billion to $145 billion, up from prior guidance of $115 billion to $135 billion.
At the same time, Meta reported a small sequential decline in family daily active people due to internet disruptions in Iran and WhatsApp restrictions in Russia.
Meta reported first-quarter revenue of $56.31 billion, beating the $55.45 billion estimate. Adjusted EPS came in at $7.31, ahead of the $6.78 consensus. Revenue grew 33% year‑over‑year, supported by a 19% jump in ad impressions and a 12% increase in average price per ad. Meta also said it expects second-quarter revenue between $58 …