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Markets · Investing · Business
Finance
Meta's New Cloud Ambitions: How Big Could This Business Actually Get?
Meta just hinted at a new cloud business -- and it could be worth billions.
Shares of Meta Platforms(NASDAQ: META) fell sharply after the company missed earnings estimates in the second quarter. Revenue beat expectations, up 28% year over year to $60.8 billion, but adjusted earnings per share of $6.18 missed consensus by 15% due to heavy infrastructure spending and other costs.
Still, CEO Mark Zuckerberg sees a major opportunity in selling excess data center capacity to other companies. At the May 2026 annual shareholder meeting, he said this is "definitely on the table," and he returned to the idea on the latest earnings call.
Details
So how much revenue could this new business generate over time? The clues are hiding in plain sight.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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