Meta S&P Outlook Downgraded to Negative on Capex Concerns
S&P cut Meta's outlook to Negative, warning that surging AI capital expenditure will depress free cash flow past 2028, forcing the company to borrow to cover the deficit.
What we know
S&P issued a multi-part warning on Meta: the outlook was cut to Negative due to uncertainty over capex duration, with high spending expected to weigh on FCF beyond 2028 and Meta projected to fund its 2028 FCF deficit solely through borrowing. This is a meaningful credit signal ahead of Meta's next earnings cycle.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.