Meta lost 20 million users last quarter
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TL;DR
- Meta's "Family daily active people" decreased by 20 million this quarter.
- The user decline is attributed to internet disruptions in Iran and WhatsApp restrictions in Russia.
- Meta is increasing its 2026 capital expenditure projections by $10 billion, totaling $125-145 billion.
- This increased spending is due to higher component pricing and data center costs, reflecting underestimated compute demand.
- Meta's revenue grew by 33% to $56.3 billion this quarter.
- The Reality Labs unit reported an operating loss of $4.03 billion and has experienced layoffs.