Meta Platforms reports 48% net income margin for quarter ended March 31, 2026
Meta Platforms generates revenue primarily through digital advertising across its social applications, including Facebook and Instagram, and developing virtual reality hardware.
The company reported a 48% net income margin for the quarter ended March 31, 2026, while launching its Muse Spark artificial intelligence model and expanding its optical cable manufacturing capacity.
In contrast, Snap generates revenue mainly by selling digital advertising space and augmented reality features on its Snapchat camera application, reporting a -6% net income margin for the quarter ended March 31, 2026.