Meta Forecasts 73% Jump in 2026 Capex, 40% Rise in Expenses

Meta Platforms on Wednesday reported fourth-quarter revenue of $59.8 billion, up 24% from a year earlier, exceeding its own forecasts of $56 billion to $59 billion. The company also outlined ambitious spending plans for 2026, forecasting capital expenditures of $115 billion to $135 billion, up ...