Meta reported record third-quarter revenue of $64.6 billion, topping analyst forecasts, but a $10 billion youth-safety settlement charge and soaring AI capital spending dragged operating income and free cash flow below expectations. The company also announced a stock split creat…
Meta Beats Q3 Revenue Estimates but Legal Settlements Weigh on Earnings
Meta reported record third-quarter revenue of $64.6 billion, topping analyst forecasts, but a $10 billion youth-safety settlement charge and soaring AI capital spending dragged operating income and free cash flow below expectations. The company also announced a stock split creating Class C shares.
Monitoring item. The full text is not distributed. Extract and source below.