**Meta Platforms Reports Strong Q4 Revenue Amid Capital Expenditure Concerns**
Meta Platforms (NASDAQ: META) saw its fourth-quarter revenue rise 24% year-over-year to approximately $59.9 billion, driven by a 18% increase in ad impressions across its apps. The company reported an average of 3.58 billion daily active users in December 2025, up 7% from the previous year. However, concerns around rising capital expenditures linger as management projects 2026 spending to reach between $115 billion and $135 billion, reflecting a potential 73% increase.
In 2025, Meta generated $43.6 billion in adjusted free cash flow, ending the year with $81.6 billion in cash, while incurring $72.2 billion in capital expenditures. Earnings per share rose 11% year-over-year to $8.88 but were overshadowed by a 40% increase in costs. The stock has dipped about 17% over the last six months, raising questions about the long-term viability of its aggressive AI infrastructure investments.
