Meta said its capital expenditures could nearly double to $135bn this year as part of its increasingly radical AI spending plans, while record revenue boosted its share price as much as 10 per cent in after-hours trading.
The social media giant on Wednesday forecast capital expenditures between $115bn and $135bn in 2026, well above analysts’ estimates of about $110bn. Its 2025 capital expenditures totalled $72bn.
Revenues rose 24 per cent year on year in the fourth quarter to a record $59.9bn, beating forecasts of $58.4bn. Net income increased 9 per cent to $22.8bn, also ahead of expectations of $21bn.
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