Meta falls after reporting 91% decline in free cash flow
META•Shares fall as free cash flow drops
- Meta META.O shares were down about 7% at $550.28 in extended trading.
- The company reported a 91% drop in free cash flow, underscoring the financial strain of the social media giant's costly AI buildout despite an uncertain payoff.
- Q2 free cash flow was $784 million, down from $8.55 billion a year earlier.
- Meta expects 2026 capital expenditure to be between $130 billion and $145 billion, compared with its prior forecast of $125 billion to $145 billion.
- It expects full-year total expenses to be in the range of $165 billion to $169 billion, compared with its prior forecast of $162 billion to $169 billion.
- Shares were down about 12% year to date.
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