Earnings Surprise, Yet Meta Loses 115 Trillion Won in a Day

Meta Platforms Inc. (NASDAQ: META) closed at $625.03 on the Nasdaq on the 29th, down 6.89% from the previous day. Approximately 11.44 million shares traded hands, and its market capitalization fell to about $1.37 trillion (roughly KRW 1,800 trillion), erasing some $88 billion (around KRW 115 trillion) in corporate value in a single session.

In its first-quarter 2026 results announced that same day, Meta reported revenue of $56.3 billion, net income of $26.7 billion and earnings per share of $10.44, all ahead of analysts’ expectations. However, the stock plunged nearly 6% after the company said it would boost its full-year, AI-focused capital expenditures to $125 billion–$145 billion (up to about KRW 190 trillion), freezing investor sentiment despite the strong earnings.

Meta Platforms is a leading U.S. technology company that operates the world’s largest social media and digital advertising ecosystem—Facebook, Instagram and WhatsApp—and derives the bulk of its revenue from online advertising. Since rebranding from Facebook to Meta in 2021, the company has been aggressively investing in the metaverse, artificial intelligence and data-center infrastructure. Investors are now focused on whether future growth in advertising and AI revenues can offset the financial burden of these massive investments.