Meta dips after earnings miss as capex plans weigh on sentiment

TL;DR
Meta Platforms stock slumped up to about 9% after hours following a second-quarter report that missed on earnings per share ($6.18 vs. $7.14 expected) but beat on revenue ($60.8 billion). Advertising revenue came in at $59.3 billion vs. $59.07 billion expected. The company narrowed and raised its 2026 capital expenditure guidance to $135–$145 billion, signaling continued heavy data-center spending. Analysts described the results as barely passable, citing higher capex and only modest cash-flow improvement despite the top-line beat and a revenue outlook that still fell short of some forecasts.
Topics:top-newsfinance#advertising-revenue#capex-guidance#earnings-miss#finance#investor-reaction#meta-platforms
- Meta stock sinks on earnings miss, 'barely passable' quarterly results Yahoo Finance
- One line from Meta's earnings call that ensured the stock will likely stay dead money Yahoo Finance
- Meta’s Case for Its AI Spending Keeps Getting Weaker WSJ
- Meta's stock drops on disappointing guidance, dwindling free cash flow CNBC
- Meta Issues Weak Revenue Guidance as Quarterly Earnings Unexpectedly Decline; Raises Capex Outlook Yahoo Finance
Want the full story? Read the original reporting
Read on Yahoo Finance