Meta’s sales are flying, but Wall Street’s grumpy

Revenue’s doing its best superhero impression

Meta came out with its fastest revenue growth since 2021, a pretty loud signal that the ad machine is still humming. If you were expecting a sleepy quarter, nope — the top line showed up dressed like it had somewhere better to be.

So why is the stock sulking?

Because investors are doing that thing where they celebrate the number, then immediately squint at the bill. Meta’s AI spending spree is still front and center, and the market is basically asking: “Cool growth. But who’s paying for all this?”

The investor math is simple-ish

What matters here isn’t just that revenue accelerated. It’s whether that growth can keep outrunning:

• heavier AI infrastructure spending
• pressure on margins
• the usual “we love the product, but the capex slide deck is getting long” anxiety

That’s why you can have a strong quarter and still watch the stock wobble like it missed its morning coffee.

Big picture

Meta is still proving it can print ad dollars at a nice clip. The catch is that Wall Street now wants both speed and restraint — which is a little like asking a marathon runner to also carry your groceries.