Earnings Results
Meta raises its capital-expenditure forecast, but it’s also posting strong enough revenue growth to support that spending
Published: April 30, 2025 at 7:16 p.m. ET
Facebook’s parent company, Meta Platforms Inc., delivered a strong earnings beat on Wednesday, and that’s likely easing investor concerns over big spending on artificial intelligence.
Meta META now forecasts $64 billion to $72 billion in capital expenditures for the year, whereas it previously was targeting $60 billion to $65 billion. For context, Meta spent $39 billion on capital expenditures last year.
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