Meta stock drops as capex, user growth numbers come in below Wall Street estimates
u/Puginator ·
Reddit — r/stocks
· April 29, 2026 at 20:16
· ⬆ 58 pts
· 💬 50 comments
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The post reports Meta's Q1 2026 earnings: revenue beat ($56.3B vs $55.45B) but capex ($19.84B) and daily active people (3.56B vs 3.62B) both missed Wall Street estimates, causing an after-hours drop.
No explicit author thesis or trade recommendation; the post is a straight news summary from a CNBC article.
Quality assessment: noise – this is a factual earnings recap with no original analysis, due diligence, or opinion.
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Meta shares fell in extended trading on Wednesday after the company reported lower-than-expected capital expenditures and missed on user growth.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
* **Earnings per share**: $7.32 adjusted. The number is not comparable to estimates.
* **Revenue**: $56.3 billion vs. $55.45 billion estimates
Capital expenditures came in at $19.84 billion, below the $27.57 billion average estimate, according to StreetAccount.
Meta reported first-quarter daily active people, or DAP, of 3.56 billion, a 4% increase from the previous year. Wall Street was projecting that DAP would come in at 3.62 billion.
Source: [https://www.cnbc.com/2026/04/29/meta-q1-earnings-report-2026.html](https://www.cnbc.com/2026/04/29/meta-q1-earnings-report-2026.html)