Overview
- Q4 2025 revenue rose 24% to $59.89 billion with EPS of $8.88, beating estimates on robust ad performance across the Family of Apps, and Q1 2026 revenue is guided to $53.5 billion–$56.5 billion.
- Meta set a 2026 capital spending range of $115 billion–$135 billion to accelerate AI and data-center capacity under Meta Superintelligence Labs, including a multiyear Corning fiber deal worth up to $6 billion.
- Reality Labs remains a drag with a roughly $6.0 billion Q4 operating loss and 2026 losses expected to be similar to 2025, as Meta cuts about 10% of the unit and shifts focus toward smart glasses and wearables.
- Despite the outlays, Meta forecasts 2026 operating income above 2025, with total expenses projected at $162 billion–$169 billion and daily active people reaching 3.58 billion in December.
- Shares jumped in after-hours trading following the beat and guidance, while Meta cautioned that U.S. youth-related trials and other regulatory pressures could result in a material loss.