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The entrance to Meta's Menlo Park headquarters, with a low red-brick building, trees, a traffic light and a Facebook thumbs-up sign beside the road under a blue sky.

Oct 26, 2026

Meta's Free Cash Flow Turned Negative for the First Time Since 2012

Meta's Q3 2026 revenue rose 26% to $64.60 billion, but free cash flow turned negative at -$2.12 billion as AI capex climbed and shares fell almost 7%.

By TPW Editorial8 min read