earnings
confidence high
sentiment neutral
materiality 0.90
Meta Q3 revenue $64.6B +26%; EPS $3.83; sets 1:1 non-voting Class C stock dividend
Meta Platforms, Inc.
- Q3 revenue $64.60B, +26% YoY reported and constant currency; Family DAP 3.64B (+3%); ad impressions +10% and average price per ad +14%.
- Costs and expenses $51.61B (+68%) included a $9.89B charge for the agreement with 52 state AGs over teen mental health, potential payments up to ~$18.59B.
- Operating income $12.99B (-37%), margin 20% vs 40%; net income $9.86B and diluted EPS $3.83 (+265%). Ex-charge: operating income $22.88B, EPS $7.40.
- Capex including finance leases $34.91B; operating cash flow $32.79B; free cash flow negative $2.12B; cash/marketable securities $82.45B; headcount 66,775 (-15% YoY).
- Board approved new non-voting Class C and 1:1 stock dividend; shareholders consented Oct 20; charter effective Jan 19, 2027; 80% of Zuckerberg's Class C stapled.