Meta reported Q4 2025 earnings with $59.9 billion in revenue (+24% YoY) while capital expenditures surged 84% to $72.2 billion for the full year — the largest infrastructure investment in tech history.
Meta’s CapEx as percentage of revenue reached 36% — compared to Google’s ~15% and Amazon’s ~12%. The company has committed to $600 billion in U.S. AI infrastructure through 2028.
Reality Labs Update
Reality Labs continued its losses with -$6.0B in Q4 (cumulative losses exceed $58B since 2020), but the Ray-Ban Meta glasses have achieved product-market fit as an AI-first wearable.
2026 Guidance
Meta expects CapEx of $80-95B+ in 2026, signaling continued acceleration of AI infrastructure investment.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
