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Meta’s AI bill swallows nearly all of its free cash flow as profit falls 14%
SiliconANGLE News·July 29, 2026·1 min read
AI Summary
Meta Platforms Inc. reported a 14% decline in profit, largely due to a 55% increase in costs. As a result, nearly all of its free cash flow was consumed, leading to an over 8% drop in its shares during after-hours trading.
From the source
Meta Platforms Inc.’s shares fell more than 8% in after-hours trading today after the social networking company beat revenue expectations for its fiscal 2026 second quarter but missed badly on earnings as costs rose 55%. For the quarter that ended on June 30,…
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