Meta已签订了总额约为8250亿美元的租赁协议和合同，其中大部分与用于推动其人工智能（AI）发展的数据中心及计算资源相关。这些数据来自该公司提交给美国监管机构的季度报告（日期为2026年10月22日）。
Meta has signed up to about $825bn in future leases and contracts, most of them for the data centres and computing power behind its AI push. The figures are in its quarterly filing with US regulators, dated October 22, 2026.
据彭博社报道，这些合同的总金额是通过将该报告中的三项内容相加得出的；7月份时，彭博社曾估计Meta的合同总金额约为7000亿美元。
Bloomberg reported the total by adding together three items in the filing. In July, the news agency put Meta’s commitments at almost $700bn.
其中最大的一笔合同金额为4545亿美元，且Meta无法取消这些合同。根据报告内容，这些合同主要涉及从其他公司购买的云服务、服务器以及网络设备；此外还包括数据中心所需的能源供应，以及Meta旗下虚拟现实部门“Reality Labs”所需的硬件设备。
The largest item is $454.5bn in contracts that Meta cannot cancel. According to the filing, these mostly cover cloud capacity bought from other companies, plus servers and network equipment. They also include energy supply for data centres and hardware for Reality Labs, its virtual reality unit.
其中约459亿美元的合同将在2026年内到期，另外1214亿美元将在2027年内到期。
About $45.9bn of those contracts fall due in the rest of 2026, and $121.4bn in 2027.
Meta还拥有价值3557亿美元的租赁协议，但这些协议尚未生效，因此并未反映在其资产负债表上。这些租赁协议涉及数据中心、能源基础设施、共享服务器空间以及网络设备，租赁期限最长为30年，生效时间从现在起至2036年之间。
Meta also has $355.7bn in leases that have not started yet, so they do not appear on its balance sheet. They cover data centres, energy infrastructure, shared server space and network equipment. The leases begin between now and 2036 and run for up to 30 years.
第三项协议是Meta计划在五年内购买价值最高147亿美元的云服务；不过报告指出，如果云服务提供商将这些云服务出售给其他客户，实际购买金额可能会减少。
The third item is a deal to buy up to $14.7bn of cloud capacity over five years. That amount could shrink if the cloud provider sells the capacity to other customers, the filing says.
这些新增的合同进一步增加了Meta的支出负担。在周三发布的第三季度财报中，Meta表示截至9月30日的三个月内，其资本支出（包括融资租赁付款）达到了349亿美元，自由现金流为负21亿美元。
The commitments come on top of heavy spending now. In its third-quarter results on Wednesday, Meta said capital expenditure, including finance lease payments, reached $34.9bn in the three months to September 30. Free cash flow was negative $2.1bn.
Meta目前预计今年的支出将在1350亿美元至1450亿美元之间，这一范围较此前预估的1300亿美元至1450亿美元有所收窄。
Meta now expects to spend $135bn to $145bn this year, narrowing an earlier range of $130bn to $145bn.
Meta首席执行官马克·扎克伯格在财报中表示：“我们的投资正在取得回报，核心业务表现强劲，公司在各个业务领域都取得了显著进展。”
“Our investments are paying off, the core business is strong, and we’re seeing velocity across the board,” said Mark Zuckerberg, Meta’s chief executive, in the results statement.
同时，Meta计划从2027年1月19日起发行无投票权的C类股票，并表示将利用这些股票在未来向投资者出售新的股票。
At the same time, Meta plans to create non-voting Class C shares, effective from January 19, 2027. The filing says the company expects to use them to sell new shares to investors in the future.
Meta的股价周四在盘前交易中下跌约3%。为Meta债务违约投保的成本也创下纪录。根据市场报道援引的洲际交易所数据服务公司的数据，其五年期信用违约互换达到约119个基点。
Meta’s shares fell about 3% in pre-market trading on Thursday. The cost of insuring Meta’s debt against default also hit a record. Its five-year credit default swaps reached about 119 basis points, according to ICE Data Services figures cited in market reports.