Meta’s stock drops on disappointing guidance, dwindling free cash flow

Meta shares fell in extended trading after the company provided a disappointing revenue outlook and reported a substantial decline in free cash flow. The technology firm projected quarterly revenue between $61 billion and $64 billion, with a midpoint of $62.5 billion, falling short of analyst expectations for $63.15 billion according to LSEG. The guidance acknowledged an approximate 1% currency headwind to year-over-year revenue growth based on current exchange rates.
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