Meta’s (META) stock is rocking higher in premarket, to the tune of 12% after a monster quarter.
Got to love the market ignoring the capex stuff in its earnings release below, and focusing in on Meta’s revenue trends (strong).
“We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion, narrowed from our prior outlook of $64-72 billion and up approximately $30 billion year-over-year at the mid-point. While the infrastructure planning process remains highly dynamic, we currently expect another year of similarly significant capital expenditures dollar growth in 2026 as we continue aggressively pursuing opportunities to bring additional capacity online to meet the needs of our artificial intelligence efforts and business operations,” Meta said.
Bottom line: bull market … carry on!