Meta Q1 Revenue Soars 33% in Q1, Net Profit Hits $26.8 Billion Ahead of Mass Layoffs
Business
Even as Meta continues make money hand over fist, the tech giant is set to make a large round of layoffs to optimize operations — and as it continues to plow billions into AI projects. Meta, the parent of Facebook, Instagram and WhatsApp, reported revenue of $56.3 billion for the first quarter of 2026 as ad sales were strong in the period. That’s up 33% from the year-prior period. Net income was $26.8 billion, up 61%, translating to $10.44 per share. Jordan Firstman's Buzzy Cannes Debut 'Club
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