"Meta's Q2 earnings showed $39.1 billion in advertising revenue, a 22% increase, and $18.9 billion in free cash flow, highlighting its strong market position."
"The company increased its capital expenditure guidance to between $66 billion and $72 billion, focusing primarily on building AI infrastructure, indicating a strategy shift."
Meta Platforms reported strong Q2 earnings with $39.1 billion in advertising revenue, representing a 22% year-over-year increase. The net income rose to $13.5 billion, exceeding Wall Street expectations, driven by robust free cash flow of $18.9 billion in H1 2025. The company also raised its capital expenditure guidance to between $66 billion and $72 billion, primarily for AI infrastructure. However, there are concerns regarding heavy reliance on debt for AI expansion, suggesting potential risks despite strong performance in the digital advertising sector.
Read at 24/7 Wall St.
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