Meta shares slide intraday as quarterly free cash flow turns negative

Meta shares fell roughly 6% during trading on Oct. 22, 2026, after its third-quarter results showed negative free cash flow and the company raised the lower end of its full-year capital-spending forecast, CNBC reported.

CNBC put quarterly free cash flow at negative $2.12 billion. It reported that Meta now expects full-year capital spending of $135 billion to $145 billion, compared with its previous forecast of $130 billion to $145 billion. Revenue reached $64.60 billion in the third quarter, up 26% from a year earlier and above the $63.37 billion analysts expected, according to CNBC.