Meta (META) Reports 33% Revenue Growth; Snap (SNAP) Hits $1.5B

AI Summary

Meta 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.