# S&P revises Meta's outlook to negative on cash flow and AI spending concerns

> Original title: Meta outlook revised downward by S&P on cash flow and capex concerns

- Source: CNBC · Technology
- Published: 2026-10-30T22:37:00.000Z
- Bad Influence: https://badinfluence.news/items/mug1zd6kliuq5pbg1wkqy7lhq
- Original: https://www.cnbc.com/2026/10/30/meta-outlook-to-revised-to-negative-by-sp-after-cash-flow-negative.html

## Summary

S&P Global Ratings revised Meta Platforms' outlook to negative from stable, keeping its AA- rating, citing uncertainty over elevated capex and negative free cash flow. The agency questioned when Meta's Muse AI agent app and foundation models will generate revenue exceeding rising costs. Meta disagrees, saying it sees significant product and business opportunities ahead, and expects full-year capex of $135 billion to $145 billion.