Meta's third-quarter revenue rose 26% to $64.6 billion, beating analyst forecasts, but operating income fell sharply as legal settlements and record capital spending squeezed margins. The company also announced a stock split creating Class C shares.
Meta Revenue Hits $64.6 Billion as Legal Costs and AI Spending Weigh on Profit
Meta's third-quarter revenue rose 26% to $64.6 billion, beating analyst forecasts, but operating income fell sharply as legal settlements and record capital spending squeezed margins. The company also announced a stock split creating Class C shares.
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