{"slug": "meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates", "title": "Meta sheds 10% in premarket as revenue outlook misses estimates", "summary": "Meta Platforms shares slid about 10% in premarket trading Thursday after the company projected third-quarter revenue of $61 billion to $64 billion, below Wall Street expectations, and raised the lower end of its annual capital expenditure forecast to $130 billion as it expands AI infrastructure. Second-quarter earnings per share missed expectations at $6.18 despite revenue reaching $60.8 billion, while free cash flow plunged to $784 million from $8.55 billion a year earlier, reflecting higher AI-related spending.", "body_md": "Photo: Muhammad Asyfaul/Unsplash\n\n# Meta sheds 10% in premarket as revenue outlook misses estimates\n\nThe social media company continues ramping up AI investment, narrowing its 2026 capital expenditure outlook.\n\nMeta Platforms shares slid about 10% in premarket trading Thursday as a weaker revenue outlook and soaring AI-related capital spending dampened investor sentiment despite resilient quarterly revenue.\n\nThe company projected third-quarter revenue of $61 billion to $64 billion, below Wall Street expectations, while raising the lower end of its annual capital expenditure forecast to $130 billion as it expands AI infrastructure.\n\nSecond-quarter earnings per share missed expectations at $6.18 despite revenue reaching $60.8 billion, while daily active people totaled 3.6 billion, slightly below forecasts, according to Meta.\n\nThe company reported that free cash flow plunged to $784 million from $8.55 billion a year earlier, reflecting higher AI-related spending, and net income fell to $15.85 billion.\n\nMeta said it is investing heavily in AI model training, personal AI agents and new data centers, while also exploring opportunities to generate revenue by leasing excess computing capacity to third parties.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates", "canonical_source": "https://cryptobriefing.com/meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates/", "published_at": "2026-07-30 12:06:17+00:00", "updated_at": "2026-07-30 12:38:49.988245+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-products"], "entities": ["Meta Platforms", "Wall Street"], "alternates": {"html": "https://wpnews.pro/news/meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates", "markdown": "https://wpnews.pro/news/meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates.md", "text": "https://wpnews.pro/news/meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates.txt", "jsonld": "https://wpnews.pro/news/meta-sheds-10-in-premarket-as-revenue-outlook-misses-estimates.jsonld"}}