Meta Platforms reported significant growth in Q2 earnings, achieving $39.1 billion in advertising revenue, a 22% increase year over year, and $18.9 billion in free cash flow. The company's net income was $13.5 billion, surpassing Wall Street projections. Meta raised its capital expenditure guidance to $66 billion to $72 billion for AI infrastructure investments. However, concerns have surfaced about heavy reliance on debt and unclear AI revenue timelines, signaling a cautious outlook despite overall strong performance in the digital advertising market.
Meta Platforms reported impressive Q2 earnings with $39.1 billion in advertising revenue and $18.9 billion in free cash flow, demonstrating strong performance in digital advertising.
The company raised its capital expenditure guidance to $66 billion to $72 billion for the year, focusing significantly on AI infrastructure amidst growing reliance on debt financing.
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