"The tech giant earned $51.24bn in quarterly revenue, beating Wall Street expectations and the company's own projections for third-quarter sales. However, it reported earnings per share (EPS) of $1.05, far below Wall Street expectations of $6.70 in EPS. The major drop was due to a one-time non-cash income tax charge of $15.93bn. The EPS would have been $7.25 without this one-time charge, the company said."
"The report, and the scheduled investor call, gives investors another opportunity to find out whether the company's lavish spending on AI infrastructure is justified. The company projected full-year total expenses would be between $116m and $118bn, upping the lower end of the range from $114bn. The company also expects 2025 capital expenditures to be between $70bn and $72bn, up from a previously projected range of $66bn and $72bn."
"We had a strong quarter for our business and our community, said Mark Zuckerberg, Meta's founder and CEO. Meta Superintelligence Labs is off to a great start and we continue to lead the industry in AI glasses. If we deliver even a fraction of the opportunity ahead, then the next few years will be the most exciting period in our history."
Meta reported record quarterly revenue of $51.24bn in Q3 2025, exceeding Wall Street and company sales forecasts. Reported EPS fell to $1.05 because of a one-time non-cash income tax charge of $15.93bn, which would have yielded $7.25 in EPS absent the charge. Meta is concluding a multibillion-dollar AI hiring spree while maintaining heavy AI infrastructure spending, projecting full-year expenses of $116bn–$118bn and 2025 capital expenditures of $70bn–$72bn. The company guided Q4 revenue to $56bn–$59bn and emphasized progress in AI initiatives alongside investor concerns about near-term returns.
Read at www.theguardian.com
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