Meta Earnings More Than Doubled Despite $10 Billion in Legal Fees

Meta Platforms (META) reported Q3 earnings exceeding expectations, driven by strong revenue in its Family of Apps and advertising. The company also raised the lower end of its capital expenditure range, leading to a rise in after-hours trading. According to the company, it achieved record combined revenue.

Meta reported Q3 revenue of $64B, beating estimates of $63.3B. Earnings per share were $3.83, but would have been $7.40 without a $9.89B legal settlement charge. The company announced a 2-for-1 stock split and new Class C shares. Meta also highlighted progress in AI with its virtual assistant Muse and Muse Wonder.

Meta reported Q3 revenue of $64.6B, up 26% YoY, exceeding analyst forecasts. Net income rose to $9.8B. The company announced a 2-for-1 stock split, maintaining Zuckerberg's control. Shares rose 3% to $723. A jury ordered Meta to pay $25B for data privacy misconduct.

Meta reported Q3 revenue of $64.6B, up 26% YoY, beating estimates. However, a $9.9B legal charge reduced earnings to $3.83 per share, missing expectations. Excluding the charge, operating income was $22.88B. Daily active users reached 3.64B. Meta expects Q4 revenue of $73B-$76B. Shares rose 3.2% in after-hours trading.

Meta Platforms reported Q3 earnings per share of $3.83, missing estimates by $1.63, but revenue of $64.6B exceeded expectations by $1.19B. The company's profits were impacted by a litigation settlement. Meta is considering issuing nonvoting shares to fund its AI initiatives.

Meta Platforms (META) reported Q3 earnings of $9.86B, or $3.83 per share, beating estimates. Revenue was $64.6B, also surpassing forecasts. The company expects Q4 revenue between $73B and $76B.