Overview
- Meta maintained guidance for 2026 capital spending at $115 billion to $135 billion after investing just over $72 billion in 2025.
- The company exceeded fourth-quarter expectations, beating revenue by about $1.3 billion and delivering earnings above consensus.
- Advertising revenue rose roughly 24% year over year, reflecting AI-fueled improvements in ad performance.
- Meta said it doubled the GPUs used to train its ads ranking model and reported a $10 billion annual run rate for video-generation tools that grew three times faster than the ad business last quarter.
- Zuckerberg said he will not slow AI investment, and shares climbed after the Jan. 28 results as analysts highlighted Meta’s forecast for roughly 30% current-quarter growth versus about 20% expected.