Meta Platforms Inc. has kicked off FY26 with a powerful performance, reporting $56.31 billion in Q1 revenue, marking a 33% year-on-year jump from $42.31 billion. On a constant currency basis, growth stood at 29%, underscoring strong global demand across its platforms.
Advertising continues to be the company’s undisputed revenue driver, contributing a massive $55.02 billion, up significantly from $41.39 billion last year. Growth was fueled by a 19% increase in ad impressions and a 12% rise in average ad prices, reflecting both higher engagement and improved monetisation efficiency. Meanwhile, non-ad revenue streams-including hardware and services-also gained traction, climbing to $885 million.
Meta’s ecosystem remains vast in scale. Its Family of Apps recorded 3.56 billion daily active users in March 2026, up 4% year-on-year. However, the figure saw a slight dip sequentially due to internet disruptions in Iran and access restrictions on WhatsApp in Russia.
On the cost front, total expenses rose 35% to $33.44 billion, largely driven by heavy investments in R&D, which alone accounted for $17.70 billion. Marketing and sales spending remained relatively stable at $2.91 billion.
Segment-wise, the Family of Apps generated a robust $26.90 billion in operating income, while Reality Labs continued to weigh on profitability, posting a $4.03 billion loss despite modest revenue gains.
Looking ahead, Meta projects Q2 revenue between $58–61 billion and expects full-year expenses to reach up to $169 billion, even as regulatory challenges loom in key markets like the US and EU.
