5 of the biggest takeaways from Meta's Q4 2025 earnings call

Meta CEO Mark Zuckerberg

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• Meta reported its Q4 2025 earnings on Wednesday. These are the top takeaways.
• Meta expects to spend more in 2026: up to $135 billion on capex, including AI infrastructure.
• Meta's ad revenue is still its powerhouse, and AI is improving ad targeting.

Meta's earnings sent a clear signal to Wall Street on Wednesday: while its core advertising engine is still firing on all cylinders, the price tag for CEO Mark Zuckerberg's AI ambitions will skyrocket in 2026.