Meta Platforms, Inc. (META) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.136 Good afternoon. My name is Krista and I will be your conference operator today. 00:00:04.136 -- 00:00:09.504 At this time, I would like to welcome everyone to META's first quarter 2026 00:00:09.504 -- 00:00:15.071 earnings conference call. All lines have been placed on mute to prevent any background 00:00:15.071 -- 00:00:19.557 noise. After the speaker's remarks, there will be a question and answer session. 00:00:19.557 -- 00:00:25.365 If you would like to ask a question, please press star 1 on your telephone keypad. 00:00:25.365 -- 00:00:28.567 To withdraw your question, again press star 1. 00:00:28.567 -- 00:00:33.561 We ask that you limit yourself to one question, and this call will be recorded. 00:00:33.561 -- 00:00:37.486 Thank you very much. Kenneth Dorrell, 00:00:37.973 -- 00:00:42.151 Metis Director of Investor Relations. You may begin. 00:00:42.151 -- 00:00:47.398 Thank you. Good afternoon, and welcome to Meta Platform's first quarter 2026 earnings 00:00:47.398 -- 00:00:52.546 conference call. Joining me today to discuss our results are Mark Zuckerberg, CEO, and 00:00:52.546 -- 00:00:54.689 Susan Lee, CFO. 00:00:54.689 -- 00:00:58.915 Our remarks today will include forward-looking statements, which are based on assumptions 00:00:58.915 -- 00:01:04.303 as of today. Actual results may differ materially as a result of various factors, 00:01:04.303 -- 00:01:08.749 including those set forth in today's earnings press release and in our annual report 00:01:08.749 -- 00:01:13.792 on Form 10-K filed with the SEC. We undertake no obligation to update 00:01:13.792 -- 00:01:18.457 any forward-looking statement. During this call, we will present both GAAP and certain 00:01:18.457 -- 00:01:23.783 non-GAAP financial measures. A reconcili...