Meta Q1 2026 earnings: 33% ad revenue growth, MCP support for ad buying agents

Meta released its Q1 2026 earnings results yesterday: Meta provided Q2 2026 revenue guidance of $58-61BN. It maintained its full-year expenditure forecast of $162-169BN but increased its full-year capital expenditures forecast to $125-145BN, up from $115-135BN. Meta's stock traded down by roughly 6% following the earnings release, likely as a reaction to the company's increased capital expenditure […]

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