Meta Q3: capex was 54% of revenue and $1.06 per $1 of operating cash; ~$3.5B cash gap after dividends
Meta (META) reported Q3 Wednesday: revenue up 26% to $64.6B, but $34.9B of capex topped its $32.8B of operating cash flow. Free cash flow went negative for the first time since 2012.
That's 54 cents of every revenue dollar into capex. Add $1.36B of dividends and the cash gap was ~$3.5B. Fine with $82B in the bank, but the new non-voting Class C shares hint at how 2027 gets paid for.
Not financial advice. For informational and educational purposes only.
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