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Meta stock pops as revenue guidance outweighs higher than anticipated 2026 capex
['Anuron Mitra', 'Wed', 'January', 'At Pm Gmt', 'Min Read']
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For the first quarter, the social media giant sees revenue of $53.5 billion to $56.5 billion, versus a consensus of $51.27 billion.
"Earnings beat and so did Q1 revenue guidance.
Those are the positives that are now pushing the stock higher," Steve Sosnick, chief strategist at Interactive Brokers, told Investing.com.
For the full year 2026, Meta sees capex of $115 billion to $135 billion and total expenses of $162 billion to $169 billion.
The company said its full year 2026 capex guidance reflected increased investment to support its Superintelligence Labs efforts and core business.