Meta outlook revised to negative by S&P on cash flow and capex concerns

cnbc.com1 min read

S&P Global Ratings has downgraded Meta's credit outlook from stable to negative due to concerns over elevated capital expenditures and negative free cash flow. Meta reported $2.12 billion in negative free cash flow and expects full-year capex between $135 billion and $145 billion driven by AI investments. A Meta spokesperson disagreed with the assessment, asserting that the company's AI monetization capabilities and infrastructure will create long-term value. Open article →

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