Google Earnings, Meta Earnings
Wall Street reacted positively to Google's earnings while reacting negatively to Meta's, despite Meta showing strong core business performance. The key differentiator appears to be Google's current monetization of its investments, potentially driven by its relationship with Anthropic. Investor sentiment thus favored Google's demonstrated revenue generation over Meta's underlying business strength.
- ▪Google's earnings were well received by Wall Street in May 2026.
- ▪Meta's earnings were poorly received despite strong core business performance.
- ▪The market response difference may stem from Google monetizing its investments effectively.
- ▪Anthropic could be playing a significant role in Google's monetization success.
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Google Earnings, Meta Earnings Monday, May 4, 2026 Listen to Podcast Wall Street loved Google’s earnings, and hated Meta’s, even though the latter’s core business was more impressive. The difference is that Google is monetizing its investments now (and it might be all Anthropic). Subscribe to Stratechery Plus for full access. Already subscribed? Log in $15 / month or $150 / year Subscribe to Stratechery Plus With Stratechery Plus you get access to the subscriber-only Stratechery Update and Stratechery Interviews, and the Sharp Tech, Sharp China, Dithering, Greatest of All Talk, and Asianometry podcasts. Stratechery UpdateSubstantial analysis of the news of the day delivered via three weekly emails or podcasts.
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