AI is booting engagement across Meta's social media platforms and driving interest in Meta glasses, but it comes at the cost of record CapEx spending.

Meta Platforms Inc. (NASDAQ: META) posted upbeat earnings for the third quarter on Wednesday. Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68. On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.

We had another strong quarter with 3.5 billion people using at least one of our apps every day. Building personal superintelligence for everyone, delivering the app experiences and computing devices that will improve the lives of billions of people around the world.

Live Updates Live Coverage Updates appear automatically as they are published. Get The Best Meta Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on Meta, market updates,

Shares of Meta Platforms, Inc. (NASDAQ: META) saw a 7.67% drop during the pre-market trading session on Thursday after the company reported a a one-time, non-cash income tax charge in its third-quarter earnings report.

Meta Platforms, Inc. is upgraded to Buy after Q3, despite initial market overreaction to a non-recurring tax charge. Learn more about META stock here.

The losses were less than in Q2 2025, but still greater year-over-year compared to Q3 2024.

For Q3, Meta is expected to report earnings per share of $6.72 on revenue of $49.6 billion, according to Bloomberg consensus estimates. That’s up from the $6.03 per share and $40.6 billion the company reported in the same quarter last year.

Meta Platforms, Inc. is upgraded to Buy in the high-$600s following its Q3 2025 results & post-ER selloff. Learn more about META stock here.

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