Meta (META) Reports 33% Revenue Growth; Snap (SNAP) Hits $1.5B
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMeta Platforms (META) reported a 33% year-over-year revenue growth, reaching $56.3 billion for the quarter ended March 31, 2026. In contrast, Snap (SNAP) saw a 12% revenue increase, bringing its total to $1.5 billion for the same period, and has not achieved profitability since going public in 2017. Snap's net income margin stood at -6%, while Meta reported a margin of 48%. Additionally, Meta announced an increase in capital expenditures to $145 billion for the year, up from $72 billion in 2025, amid rising operational costs and investments in artificial intelligence.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Meta Platforms Inc. (META)
Meta Platforms owns Facebook, Instagram, WhatsApp, and Messenger, earning almost all of its revenue from digital advertising while investing heavily in AI and the metaverse.
The Communication Services sector covers media, entertainment, telecom and interactive companies that connect and inform people.
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