Meta Beats On Revenue, Misses On Ad Impressions, Raises CapEx Forecast; Stock Falls As Everyone Is Already Long
October 30, 2024 at 18:38 PM EDT
One place where META missed again was Capex, which in Q3 rose to $9.2 billion from $8.2 billion in Q2, and $6.8 billion a year ago, far below consensus of $11.0 billion.
