TREE NEWS update: Meta reported third-quarter revenue of $64.6 billion, up 26% year on year, while operating income fell 37% to $12.99 billion, dragged down by $9.9 billion in legal costs. Net income rose 264% to $9.86 billion, or $3.83 per diluted share, and daily active people averaged 3.64 billion in September, up 3%. Meta guided fourth-quarter revenue to $73–76 billion and narrowed its 2026 capital expenditure outlook to $135–145 billion.
Meta Q3 revenue hits $64.6B, up 26% year on year
AI take
The divergence between Meta's revenue growth and its operating income decline is the story: legal costs, not the core business, are doing the damage, while net income's jump points to items below the operating line. For crypto and RWA watchers, the narrowed 2026 capex range signals sustained infrastructure spend, which feeds the data-center and compute narrative adjacent to tokenized assets. Whether legal costs keep compressing operating margins while capex holds is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
39m ago
XPeng October Deliveries Hit Record 50,237 Units, Up 22% MoM
1h ago
SAIC MG Reports Over 85,000 Global NEV Sales in October
1h ago
Unisplendour says supernode deployed at top internet project, banks piloting
1h ago
Deepal reports October 2026 global sales of 32,602 vehicles, up 8.01% MoM
1h ago
Xiaomi Auto deliveries exceed 50,000 in October 2026
2h ago
Huafa Industrial Q3 net loss attributable to shareholders 2.782 bln yuan