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.
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