Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.

David Paul Morris | Bloomberg | Getty Images

Meta shares fell in extended trading on Wednesday after the company reported lower-than-expected capital expenditures and missed on user growth.

Here’s how the company did, compared with estimates from analysts polled by LSEG:

Earnings per share: $7.32 adjusted. The number is not comparable to estimates.
Revenue: $56.3 billion vs. $55.45 billion estimates

Capital expenditures came in at $19.84 billion, below the $27.57 billion average estimate, according to StreetAccount.

Meta reported first-quarter daily active people, or DAP, of 3.56 billion, a 4% increase from the previous year. Wall Street was projecting that DAP would come in at 3.62 billion.

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WATCH: Retail investors are expecting strong Meta earnings, says Cboe’s J.J. Kinahan.

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