Key facts: Meta Platforms revenue up 26%; negative FCF; $15B notes
Meta Platforms (META) reported a 26% increase in third-quarter revenue to $64.60 billion, driven by higher ad impressions and prices. Despite this, the company experienced negative free cash flow of $2.12 billion due to capital spending exceeding operating cash flow. Meta also completed a $15 billion senior notes offering and is facing challenges with AI data center expansion due to political opposition and regulatory scrutiny over resource use.
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