Capital · in

~$196B/yr FY25 ad revenue (near-entirely advertising)

med confidence · as of 2026-07-26 · about Meta

Sourced figures 1

kestrel board.yaml meta-ai gravity axis ~$196.2B/yr GROSS FY25 ad revenue
2025-12 med

the working

Threads 7

Hyperscaler Capex open
Meta Capex developing
Where the Capex Lands open
Nvidia's Order Book open
In-House Silicon open
Meta Gas Pivot open
Dragonfly Return open

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