{
  "id": 15985103,
  "title": "Meta revenue beats forecasts but legal charges weigh on profit",
  "url": "https://urgent.news/2026/10/22/meta-revenue-beats-forecasts-but-legal-charges-weigh-on-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T01:41:39.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/22/meta-revenue-beats-forecasts-but-legal-charges-weigh-on-profit/240122"
  },
  "original_language": "en",
  "account": "Meta reported stronger revenue than anticipated for Q3, but its profit suffered due to an $18 billion legal settlement with almost all US states. The company's earnings of $9.86 billion in July-September were nearly 50% less than what investors had expected. This decline was mainly due to a $9.9 billion charge related to the settlement. Meta also announced a new class of stock, which would allow it to raise more funds for its AI-driven initiatives. The company spent $35 billion on capital expenditures in Q3, less than the $41 billion expected by investors. Meta's AI division, Reality Labs, is working on AI-powered wearables, including glasses and a tamagotchi-like device called Muse Charm. However, the company is facing numerous legal challenges, including a $25 billion penalty in New Mexico for deceiving users in a case related to the Cambridge Analytica scandal. CFO Susan Li cautioned that these legal matters could significantly impact Meta's business and financial results.",
  "summary": "SAN FRANCISCO, Oct 22 — Meta beat investor expectations for third-quarter revenue on Wednesday as it doubles down...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Meta beats revenue expectations but legal penalties hit profit",
        "url": "https://urgent.news/2026/10/21/meta-beats-revenue-expectations-but-legal-penalties-hit-profit",
        "published": "2026-10-21T22:05:00.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Meta's Q3 profits dip nearly 50% after $18 billion legal settlement even as company beats revenue estimates",
        "url": "https://urgent.news/2026/10/21/metas-q3-profits-dip-nearly-50-after-18-billion-legal-settlement-even",
        "published": "2026-10-21T22:32:45.000Z"
      },
      {
        "outlet": "SiliconANGLE",
        "title": "Meta beats on revenue and splits its stock with nonvoting shares to raise capital",
        "url": "https://urgent.news/2026/10/21/meta-beats-on-revenue-and-splits-its-stock-with-nonvoting-shares-to",
        "published": "2026-10-21T22:54:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}