Live Updated 2026-04-29T14:01:16.223Z
Meta Platforms earnings are on deck.
Wall Street has been eyeing a new phase of growth for the social media titan driven by new AI capabilities. Analysts are also bullish on Meta's AI model, Muse Spark, the first model from Alexandr Wang's team since the company invested billions into Scale AI to bring Wang in house.
Headed into the call, analysts are looking for updates on AI capex, as Meta is among the most prolific spenders among Big Tech giants. They'll also be on the lookout for news about AI-driven gains in the ad business and cost savings related to the recent announcement of layoffs at the firm.
Meta heads into earnings with the stock up about 1% year to date. The results will be published shortly after 4 p.m. ET, with the call scheduled for 5:30 p.m.
Analysts estimate revenue of $55.51 billion, EPS of $6.65
First quarter
- Revenue estimate $55.51 billion (Bloomberg Consensus)
- Advertising rev. estimate $54.16 billion
- Family of Apps revenue estimate $55 billion
- Reality Labs revenue estimate $508 million
- Other revenue estimate $741.4 million
- Operating income estimate $19.46 billion
- Family of Apps operating income estimate $24.26 billion
- Reality Labs operating loss estimate $4.77 billion
- Operating margin estimate 35.1%
- EPS estimate $6.65
- Ad impressions estimate +16.2%
- Average price per ad estimate +12%
- Average Family service users per day estimate 3.61 billion
Second quarter
- Revenue estimate $59.56 billion
- Capital expenditure estimate $29.89 billion
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