Meta Q3 revenue rises 26% to $64.6 billion, net income jumps 264%
Net income increased from $2.71 billion, while diluted earnings per share climbed to $3.83 from $1.05
Meta Platforms reported a 26 percent rise in third-quarter revenue to $64.60 billion, while net income jumped 264 percent to $9.86 billion, driven by growth in its advertising business. Despite a major legal charge that impacted operating income, the company's advertising revenue grew 26 percent to $63.06 billion, marking a 10 percent increase in ad impressions across its applications and a 14 percent rise in average price per advertisement.
However, operating income fell 37 percent to $12.99 billion, as total costs and expenses increased 68 percent to $51.61 billion. The $9.89 billion legal charge, related to an agreement with 52 US state attorneys general, would have boosted operating income to $22.88 billion without the charge, and diluted earnings per share to $7.40 without it.
Looking ahead, Meta anticipates fourth-quarter revenue of $73 billion to $76 billion, with a full-year 2026 expense outlook of $175-179 billion, and a capital expenditure outlook of $135-145 billion, reflecting ongoing investments in AI infrastructure and other strategic priorities.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
