Meta’s free cash flow fell from $8.5B to $784M in a year while quarterly AI infrastructure spend hit $31B.
Revenue $60.80B, up 28%. Capex $31.08B in the quarter. Free cash flow $784M, down from $8.55B a year ago. Meta doesn’t break out an AI-only capex line but attributes the jump to the datacenter buildout. They also issued $24.9B in new debt, pushin…