Meta will report earnings for Q1 after the closing bell. Yves Herman/Reuters Live Updated  2026-04-29T14:01:16.223Z Meta Platforms earnings are on deck. Wall Street has been eyeing a new phase of growth for the social media titan driven by new AI capabilities. Analysts are also bullish on Meta's AI model, Muse Spark , the first model from Alexandr Wang's team since the company invested billions into Scale AI to bring Wang in house. Headed into the call, analysts are looking for updates on AI capex , as Meta is among the most prolific spenders among Big Tech giants. They'll also be on the lookout for news about AI-driven gains in the ad business and cost savings related to the recent announcement of layoffs at the firm . Meta heads into earnings with the stock up about 1% year to date. The results will be published shortly after 4 p.m. ET, with the call scheduled for 5:30 p.m.…