Meta’s revenue surges to $64.6 billion, but billions in settlements and skyrocketing AI spending turn screws on profit, free cash flow

T1Covered by 1 source · first reported by Fortune at 21 Oct, 20:17 UTC

Meta exceeds revenue estimates as capex nearly doubles from a year ago.

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• T1Meta’s revenue surges to $64.6 billion, but billions in settlements and skyrocketing AI spending turn screws on profit, free cash flowFortune21 Oct, 20:17