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FrontRow · Jul 29, 2026

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Meta shares slid in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile. Meta said it expects revenue this quarter of between $61 billion and $64 billion, or $62.5 billion at the middle of the range. Analysts were expecting guidance of $63.15 billion, according to LSEG. The company said that the guidance “assumes foreign currency is an approximately 1% headwind to year-over-year total revenue growth, based on current exchange rates.” Daily active people, or DAP, came in at 3.6 billion, trailing Wall Street estimates of 3.61 billion, according to StreetAccount. DAP measures the number of users of Meta’s family of apps.

Meta shares slid in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile. Meta said it expects revenue this quarter of between $61 billion and $64 billion, or $62.5 billion at the middle of the range. Analysts were expecting guidance of $63.15 billion, according to LSEG. The company said that the guidance “assumes foreign currency is an approximately 1% headwind to year-over-year total revenue growth, based on current exchange rates.” Daily active people, or DAP, came in at 3.6 billion, trailing Wall Street estimates of 3.61 billion, according to StreetAccount. DAP measures the number of users of Meta’s family of apps.

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