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Wednesday, October 21, 2026Updated 22:33 UTC

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

Source: Fortune · Oct 21, 2026 20:17 UTC

Rows of NASA Pleiades supercomputer racks at Ames Research Center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

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

Read the full story at Fortune

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