The company just crushed Wall Street's earnings expectations, fueled by AI-driven efficiency gains in its thriving ad business.

Meta’s heavy AI spending is boosting ad revenue — and the company is only getting more profitable in the process.

“We currently expect another year of similarly significant capital expenditures dollar growth in 2026,” Meta CFO Susan Li said in the earnings release. Analysts said the 2026 outlook suggests Meta will spend roughly $100 billion in capex next year, significantly ahead of earlier expectations among analysts.