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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.

Why Meta Platforms Stock Fell 10% Today

Published July 30, 2026 · Category: Finance

Overview

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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Source

Originally published at www.fool.com.

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