Meta Platforms Reports Rising Capital Expenditures
Meta Platforms (NASDAQ: META) reported a revenue of $59.9 billion and earnings per share of $8.88 for Q4 2025, surpassing Wall Street estimates. The company’s stock has gained 9% year-to-date and 372% in the past three years.
In 2025, Meta increased its capital expenditures to $72 billion, significantly higher than the initial forecast of $60-$65 billion. Looking ahead, executives expect capex to surge further to between $115 billion and $135 billion in 2026, primarily to support AI initiatives. Despite generating $44 billion in free cash flow in 2025, there are growing concerns among investors about the long-term returns on such substantial investments.
