Meta reports Q1 2026 revenue of US$56,311 million and issues multibillion dollar bond offering while facing shareholder proposals on content governance ahead of May 27, 2026 annual meeting

In late April 2026, Meta Platforms reported first-quarter revenue of US$56,311 million and net income of US$26,773 million, while simultaneously issuing fresh debt across multiple tranches of fixed-rate senior unsecured notes totaling several tens of billions of US dollars.

Investors including JLens, the Anti-Defamation League, Azzad Asset Management, and Bright Directions pushed shareholder proposals on online hate, human rights due diligence, and dual-class voting transparency ahead of the 27 May 2026 annual meeting.

The bond issuance funds AI infrastructure build-out at a time when capex and interest expense, combined with ongoing Reality Labs losses, could compress free cash flow if returns disappoint, while the company's core ad business remains its profit engine.