Post
RobinSG
#MetaQ3RevenueBeat Meta reported Q3 revenue of $64.601B, up 26% YoY, and net profit of $9.86B. Operating profit fell 37%, mainly due to a $9.89B one-off legal charge. Ad impressions rose 10% and average ad prices 14%.
Q3 capex reached $34.91B; free cash flow was - $2.12B. Full-year capex guidance is $135B-$145B.
Meta plans non-voting Class C shares to provide flexibility for future Al investment and financing.
Strong ad growth was offset by spending pressure on profits and cash flow.$META
Will Meta Platforms (META) close higher on the first full trading day after its earnings release?505K vol
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$73,615.5+0.01%
ETH/USDTEthereum
$2,054.79+0.02%
SOL/USDTSolana
$83.24+0.01%
Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump delays military strike on Iran, oil prices fall below $90
