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Meta Q1 Revenue Jumps 33% to $56.3 B

5/17/2026

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Summary

Story summary

Meta Platforms reported first-quarter 2026 revenue of $56.31 billion, a 33.1% increase, and earnings of $10.44 per share on April 29.
CEO Mark Zuckerberg said AI spending will stay flexible for long-term growth.
Shares near $780 gave a forward P/E of 20 while analysts kept a Moderate Buy view with a $840.31 target.
Revenue growth came from ad impressions and prices, especially from e-commerce and tech advertisers, despite regulatory and legal risks.

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Story summary

Meta Platforms reported first-quarter 2026 revenue of $56.31 billion, a 33.1% increase, and earnings of $10.44 per share on April 29.
CEO Mark Zuckerberg said AI spending will stay flexible for long-term growth.
Shares near $780 gave a forward P/E of 20 while analysts kept a Moderate Buy view with a $840.31 target.
Revenue growth came from ad impressions and prices, especially from e-commerce and tech advertisers, despite regulatory and legal risks.