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Meta Reports Q2 Earnings as AI Spending Pressures Profitability

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
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Meta Platforms released its second-quarter earnings on July 29. Earnings per share fell 13% year over year to $6.18 and free cash flow totaled $784 million, down almost 91%. The company is ramping AI-related spending that has pressured margins. Zuckerberg’s remarks aim to reassure investors, and reports say Meta may rent excess AI computing capacity to other data centers as AI infrastructure spending is estimated to exceed $1 trillion by 2029.

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