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Markets · Investing · Business
Finance
Why Meta Platforms Stock Fell 10% Today
Meta spent $31 billion on AI infrastructure in one quarter. Wall Street wants to know when it pays off.
Meta Platforms(NASDAQ: META) shares dropped as much as 10.4% on Wednesday following the company's Q2 2026 earnings report. Revenue beat expectations, but investors focused on shrinking profits and a challenging cash flow picture.
The Instagram and Facebook parent posted $60.8 billion of Q2 revenue, a 28% year-over-year increase and near the top of management's guidance. The ad business remains strong, with impressions up 14% and average price per ad up 12%.
Details
But earnings fell 13% to $6.18 per share. Free cash flow was just $784 million, down from $12.4 billion in the previous quarter and $8.5 billion in Q2 2025.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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