Meta 股价跌约 6%，AI 支出令自由现金流转负
Meta stock sinks 6% as AI spend pushes free cash flow negative
Meta 周四股价下跌约 6%，第三季度自由现金流为负 21.2 亿美元，并将全年资本开支区间下限从 1300 亿美元上调至 1350 亿美元，区间变为 1350 亿至 1450 亿美元。公司三季度营收 646 亿美元、同比增长 26%，高于分析师预期的 633.7 亿美元；同时宣布设立无投票权的 C 类普通股，以维持创始人主导结构并为增长融资。其五年期信用违约互换利差当日创历史新高。
推荐理由
AI 评分 56
Meta 三季度自由现金流为负、全年资本开支下限上调，反映 AI 投入对财务结构的直接压力。
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正文
META
Meta shares slumped roughly 6% on Thursday as the social media giant showed negative free cash flow in its third-quarter earnings and raised the floor of its full-year capital expenditures.
The spread on the social media giant's five-year credit default swaps reached all-time highs on Thursday, a signal of growing credit concerns from investors as the company leans deeper into its artificial intelligence spending plans.
Meta said it expects its full-year capex to range from $135 billion to $145 billion, raising the bottom of the range from a previous $130 billion to $145 billion.
Free cash flow came in at a negative $2.12 billion during the quarter.
The company revealed Wednesday that it would create a new class of nonvoting Class C common stock during its earnings release, meant to maintain its "founder-led structure" and "provide Meta the ability to finance its growth."
Meta also said CEO Mark Zuckerberg could leave the state if the "California Wealth Tax" were to pass, as he "could become liable for a significant, multi-billion-dollar tax payment based on his ownership of stock in the Company," according to the SEC filing.
Zuckerberg was convinced to stay in California with the company's new stock plan, the filing noted.
Revenue for the social media giant jumped 26% in the third quarter from a year ago, coming in at $64.60 billion versus the $63.37 billion analysts expected. Earnings per share were reported at $3.83, though it wasn't clear if it was directly comparable to the $5.75 per share Wall Street was looking for.
—CNBC's Jonathan Vanian and Seema Mody contributed to this report. A 5-day stock chart of Meta. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.