Meta Platforms reported a strong third quarter with revenue of $64.6 billion, up 26% year-over-year, driven by robust advertising growth. However, a $9.9 billion legal charge related to a settlement with 52 state attorneys general over teen mental health issues caused net income to fall to $9.86 billion, below analyst estimates. Excluding this charge, operating income and earnings per share would have been significantly higher. Meta expects fourth-quarter revenue between $73 billion and $76 billion and plans a new Class C stock dividend starting January 2027. Additionally, Meta faces a $25 billion penalty from a New Mexico court over user data and hate speech handling, marking a major legal challenge.
Meta Platforms shares surged 7.20% to USD 744.21 on Pluang as of Oct 22, 2026 03:41 WIB, reflecting strong investor interest despite recent legal challenges. The stock remains near its 52-week high of USD 777.59, supported by a market cap of $1.77 trillion and a majority 68% buy order activity on the platform. This price movement coincides with Meta's announcement of robust revenue growth and significant legal charges impacting profits.
Meta reported a record $64 billion in revenue for Q3, surpassing analyst expectations of $63.3 billion. Earnings per share were $3.83, below a potential $7.40 due to a $9.89 billion charge from a lawsuit settlement involving teenage users. The $18.59...
Meta Platforms reported a 26% revenue increase to $64.6 billion in Q3 2026, driven by strong ad sales and AI investments. Despite a $9.9 billion legal charge related to teen mental health litigation, net income surged 264% to $9.86 billion. The compa...
A New Mexico judge has ordered Meta to pay $25 billion for violating consumer protection laws related to the Cambridge Analytica data scandal. The jury found Meta committed 43 million violations, each carrying a $5,000 penalty, for misleading users a...
A New Mexico judge has ordered Meta Platforms to pay $25 billion after a jury found the company misled consumers about data privacy. The case stems from allegations that Cambridge Analytica, a political consulting firm linked to Donald Trump's 2016 c...
Meta was ordered by a New Mexico court to pay $25 billion for misleading users about data privacy in the Cambridge Analytica scandal. The jury found Meta liable for over 43 million violations of the state's unfair practices act, with each violation c...
