Meta misses earnings forecasts after Zuckerberg media push to promote AI
Meta reported second‑quarter earnings that fell short of Wall Street expectations, causing its shares to drop nearly 8%. The company posted earnings per share of $6.18 versus the forecast $7.14, while revenue of $60.8 billion slightly beat estimates. Despite CEO Mark Zuckerberg’s public optimism about artificial intelligence, Meta raised its expense outlook and increased capital‑expenditure guidance for 2026.
- ▪Meta’s earnings per share came in at $6.18, missing the consensus estimate of $7.14.
- ▪Revenue reached $60.8 billion, marginally above the $60.23 billion forecast.
- ▪The company disclosed $2.4 billion in legal‑related charges, lifting total expense guidance to $165‑$169 billion.
- ▪Meta increased its 2026 capital‑expenditure range to $130‑$145 billion, reflecting higher AI investment.
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| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/technology/2026/jul/29/meta-earnings-mark-zuckerberg |
| Publication time | Wed, 29 Jul 2026 21:26:49 GMT |
| Retrieval time | 2026-07-29T21:42:58.849Z |
| Last seen | 2026-07-29T21:42:58.849Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | TAuo6jvUT0D5 · 1 stories |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
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Mark Zuckerberg at the Sun Valley conference in Idaho earlier this month. Photograph: Brendan McDermid/ReutersView image in fullscreenMark Zuckerberg at the Sun Valley conference in Idaho earlier this month. Photograph: Brendan McDermid/ReutersMetaMeta misses earnings forecasts after Zuckerberg media push to promote AIStock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AIJohana BhuiyanWed 29 Jul 2026 17.26 EDTLast modified on Wed 29 Jul 2026 17.28 EDTSharePrefer the Guardian on GoogleMeta chief executive Mark Zuckerberg’s media spree touting the positive impacts of artificial intelligence did little to cushion the blow of its second-quarter earnings, which sent its stock tumbling on Wednesday.In a Wall Street Journal op-ed published…
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