Meta's free cash flow fell to $784M as AI infrastructure spend hit $31B
Meta's quarterly revenue was $60.80B, up 28%, but free cash flow fell to $784M from $8.55B a year ago. Quarterly capex hit $31.08B, attributed to the data center buildout, and the company issued $24.9B in new debt, pushing long-term debt to $83.7B from $58.7B.
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