Meta Q4 2025: $59.9B Revenue as CapEx Surges 84% to $72.2B
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.
Key Components
Infrastructure Investment Intensity
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…
2026 Guidance
Meta expects CapEx of $80-95B+ in 2026, signaling continued acceleration of AI infrastructure investment.
Real-World Examples
AmazonMetaGoogle
Key Insight
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.
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FourWeekMBA x Business Engineer | Updated 2026
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.
Key Financial Metrics
Metric
Value
Change
Q4 Revenue
$59.9B
+24% YoY
2025 CapEx
$72.2B
+84% YoY
Daily Active People
3.58B
+7% YoY
Free Cash Flow
$14.1B
Q4 2025
Family of Apps Revenue
$58.9B
52% margin
Infrastructure Investment Intensity
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.
What is Meta Q4 2025: $59.9B Revenue as CapEx Surges 84% to $72.2B?
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.
What is Infrastructure Investment Intensity?
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.
What is 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.
What are the 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.
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