Meta stock drops as capex, user growth numbers come in below Wall Street estimates

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)