Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB)'s third quarter earnings have been overshadowed by debate about the company's ramping investment in its AI initiatives, with analysts at Wedbush, Jefferies, and Oppenheimer offering sharply differing takes on the company's long-term trajectory. Shares of Meta traded down 11.5% at about $665 amid investor concerns about Meta's ballooning AI investments.
META's third-quarter earnings beat estimates as ad revenues and user engagement surged, fueled by AI-driven content and global growth.
On Meta's third-quarter earnings call, "compute," "capacity," and "novel" were the words of the night. "Metaverse," a peak priority a few years back, was not mentioned once.
Zuckerberg ranks the world's fifth-richest person with a net worth estimated at $232.6 billion. He ranked No.
“We expect to invest aggressively to meet these needs,” Meta's CFO said.
Shares of Meta Platforms (Nasdaq: META) were down about 9% in premarket trading on Thursday. It follows what can only be described as a mixed bag of a quarter-three earnings report on Wednesday, October 30.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Meta Platforms presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
Meta Platforms Inc (NASDAQ:META) earnings, along with Microsoft (MSFT) are a weight on the tech sector today.
Meta recorded a nearly $16 billion onetime charge in the third quarter related to President Donald Trump's so-called big beautiful bill, and said its capital expenditure next year would be “notably larger” than in 2025.
Of everything Meta said this quarter, the real story wasn't the revenue beat or the one-time tax charge that crushed reported net income.
The Facebook parent's business model sparks more questions about the eventual payoff than rivals such as Google and Microsoft.
Meta reported Q3 earnings on Wednesday as shares fell nearly 9% in after-hours trading. Meta's huge Q3 tax bill and EPS that missed expectations weighed down shares.