Meta reported a 26% rise in Q3 revenue to $64.6 billion, driven by strong advertising sales, and forecasted Q4 revenue between $73 billion and $76 billion. Despite a nearly $10 billion legal charge related to teen mental health litigation, net income surged to $9.86 billion. The company announced plans to create a new class of nonvoting Class C shares to help finance its expanding artificial intelligence investments while maintaining CEO Mark Zuckerberg's control. Meta is shifting focus from virtual reality to AI, with capital expenditures expected to reach up to $145 billion this year, reflecting its aggressive AI spending strategy.
Meta's stock price on Pluang is currently $718.70, up 3.52% as of Oct 22, 2026 05:01 WIB, trading closer to its 52-week high of $777.59 than its low of $525.72. This strong performance contrasts with the moderate 0.3% dividend yield and reflects investor confidence amid the company's aggressive AI investment plans. The market cap stands at $1.77 trillion, indicating Meta's significant scale in the media sector.
Meta Platforms posted a 26% year-over-year revenue increase to $64.6 billion in Q3, supported by strong advertising volume and a robust adjusted EPS of $7.40 despite a large legal charge. The company's investments in generative AI, particularly the M...
Meta announced that its AI app Muse has surpassed 10 million users, with 25% using it daily, boosting user retention. CEO Mark Zuckerberg highlighted that over 25% of engaged users shopping via Muse spend an average of more than $200 per purchase, a ...
A federal judge sharply criticized Meta for using attorney-client privilege to withhold thousands of documents related to teen social media addiction. The judge condemned Meta's employees for celebrating this legal tactic with branded hats, calling i...
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 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 he...
