Meta Platforms disclosed $279 billion in future lease agreements for AI data centers in a recent regulatory filing. These off-balance-sheet commitments as of June 30 represent a 53% increase from the $183 billion reported last quarter. The agreements cover data centers, colocation facilities, and network infrastructure through 2036.
The disclosure follows a quarterly report where Meta raised its 2026 capital expenditure forecast to between $130 billion and $145 billion. Meta's stock price fell sharply after the company reported a 91% plunge in free cash flow. These massive obligations underscore the financial strain of Meta's aggressive AI infrastructure buildout and fuel investor concerns over monetization.