Meta Q1 Revenue Soars 33% in Q1, Net Profit Hits $26.8 Billion Ahead of Mass Layoffs

Tech giant raises guidance on 2026 capital spending, fueled by AI investments, to as much as $145 billion

By Todd Spangler

Todd Spangler

NY Digital Editor

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• Meta Q1 Revenue Soars 33% in Q1, Net Profit Hits $26.8 Billion Ahead of Mass Layoffs 45 minutes ago
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Even as Meta continues make money hand over fist, the tech giant is set to make a large round of layoffs to optimize operations — and as it continues to plow billions into AI projects.

Meta, the parent of Facebook, Instagram and WhatsApp, reported revenue of $56.3 billion for the first quarter of 2026 as ad sales were strong in the period. That’s up 33% from the year-prior period. Net income was $26.8 billion, up 61%, translating to $10.44 per share.

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