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Meta’s AI gamble rattles investors as forecast misses

1 min read
Source: Financial Times
Meta’s AI gamble rattles investors as forecast misses
Photo: Financial Times
TL;DR Summary

Meta Platforms shares fell about 6% after hours as Q2 revenue rose to $60.8B (up 28%), but its Q3 forecast of $61-64B and net income of $15.8B (vs. $18.5B est) disappointed amid a 55% surge in costs as Mark Zuckerberg presses ahead with massive AI infrastructure, including data centers and the TBD Lab/Muse Spark; 2026 capex guidance is now $130-145B, with ongoing monetisation and cloud ambitions to bolster future returns.

Topics:business#artificial-intelligence#corporate-earnings-and-results#meta-platforms#social-media#technology#technology-sector
Share this article
  1. Meta tumbles 6% as sales forecast and profits disappoint  Financial Times
  2. Meta reports second-quarter results after the close  cnbc.com
  3. Meta shares fall as frustration grows over AI spending plans  BBC
  4. Meta Gives Lackluster Quarterly Sales Forecast; Shares Drop  Bloomberg.com
  5. Meta Stock Tanks In Jittery Market On Massive AI Investment, Mixed Q2  Deadline

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