Meta tops Q3 estimates with $64.6B in revenue

Meta reported Q3 revenue of $64.6B, up 26% YoY, with advertising revenue at $63.1B. Ad impressions rose 10%, and ad prices increased 14%. AI investments contributed to higher ad engagement and conversions. A $9.9B legal settlement charge reduced GAAP operating income by 37% YoY to $13B. Excluding this charge, operating income would have risen 11% YoY.

A New Mexico judge ordered Meta Platforms to pay a $25 billion penalty for misleading consumers about data privacy, one of the largest penalties in US history. The ruling follows a jury verdict in a case involving Cambridge Analytica's unauthorized data access. Meta plans to appeal, calling the ruling unworkable. Analysts suggest the penalty, while large, is unlikely to significantly impact Meta's value.

Meta reported Q3 2026 revenue growth of 26% to $64.6B, with operating income up 11% excluding a $9.9B legal charge. AI-driven ad gains and Muse adoption were highlighted, along with increased compute investments.

Meta ordered to pay $25B by New Mexico judge for misleading consumers, tied to Cambridge Analytica scandal. Jury found 43M violations of state consumer protection laws. Meta plans to appeal, citing constitutional concerns. This follows a $17.1B settlement over child-safety allegations.

Meta reported Q3 revenue beating expectations but profits fell 50% due to a $9.9B legal settlement charge. The company faces additional $25B penalty in New Mexico. Meta is investing heavily in AI, with CEO Mark Zuckerberg expecting Reality Labs to trend towards profitability. Shares rose 7%. Meta plans to issue new non-voting shares to raise funds for AI initiatives.

Meta reported Q3 revenue of $64.6B, up 26% YoY, driven by 10% ad impression growth and 14% higher ad prices. Daily active users rose to 3.64B. AI costs surged 68% YoY, with expenses expected to continue rising. Threads surpassed X in monthly active users, but AI monetization remains a challenge.