TradingKey – As of July 29 Eastern Time, Meta (META) released its fiscal second-quarter 2026 earnings. Although the company’s revenue grew 28% year-over-year to $60.8 billion, beating market expectations, META’s stock plummeted 7% in after-hours trading due to earnings missing estimates, a sharp decline in free cash flow, and a continuous increase in AI capital expenditures.
Why Meta Shares Are Falling
Judging from the earnings report, Meta’s core advertising business continues to maintain robust growth. Data shows that in the second quarter, Meta generated revenue of $60.8 billion, a year-over-year increase of 28%, with advertising revenue up approximately 27% year-over-year. Daily active users for its Family of Apps reached 3.6 billion,…
