Meta Q3 Revenue $64.6 Billion, Up 26% Year-on-Year

Reported by Jinse Finance, on October 22, Meta's third-quarter revenue reached $64.6 billion, a year-on-year increase of 26%, exceeding the estimated $63.33 billion. Operating profit for the third quarter was $12.99 billion, down 37% year-on-year, compared to the estimated $20.85 billion. Earnings per share for the third quarter were $3.83, compared to $1.05 in the same period last year, and higher than the estimated $3.57. The company expects fourth-quarter revenue to be between $73 billion and $76 billion, with market estimates at $73.57 billion. Meta disclosed a new issuance plan for non-voting Class C common stock, ensuring that CEO Mark Zuckerberg will continue to lead the company. The company forecasts fourth-quarter revenue of $73 billion to $76 billion, while analysts expect $73.57 billion. Full-year capital expenditures are expected to be $135 billion to $145 billion, slightly adjusted from the previous forecast of $130 billion to $145 billion. Additionally, Reality Labs is projected to incur losses of $18 billion to $19 billion in 2026.