The Facebook and Instagram parent also said capital expenditure next year would be "notably larger" than in 2025.
The Silicon Valley company projected more spending this year and said it would continue in 2026 as it hires A.I. researchers and builds data centers to power the technology.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) posted a stronger-than-expected revenue in the third quarter of 2025, but a massive one-time tax charge sent earnings per share tumbling, sending shares sharply lower in after-hours trading. GAAP EPS fell to $1.05, down 83% year-on-year and well below the $2.29 estimate, due to a $15.9 billion one-time, non-cash tax charge related to the implementation of the US Corporate Alternative Minimum Tax.
Meta Platforms is scheduled to report earnings after Wednesday's close. The stock recently hit a record high near $796.25/share and is currently trading near $746.
Meta is set to release its third-quarter earnings report after the closing bell Wednesday, with investors likely to be watching closely for more signs that its AI spending is paying off.
Meta is slated to report third-quarter earnings on Wednesday after the bell and investors will be watching for any indication that it will increase spending on artificial intelligence. The social media company said last Wednesday it would lay off about 600 workers in its Superintelligence Labs AI unit, but left that group's top-tier TBD Labs unscathed.
Meta is scheduled to report its third-quarter results after the closing bell Wednesday, with traders betting on a big move in the social media giant's stock that could bring it to record highs.
Meta has big AI goals, but can it convince investors to keep supporting its big spending?
Shares of Meta Platforms Inc. (NASDAQ: META) gained 1.99% over the past five trading sessions after gaining 2.59% the five prior.
META stock is up around 5% over the last eight days due to strong investor confidence ahead of its Q3 2025 earnings report. This investor optimism is fueled by expectations of strong AI-driven advertising revenue growth and the company's commitment to large-scale AI investments.
It's earnings day for Meta. The social media giant is one of "hyperscalers" at the heart of Wall Street's AI trade, and updates on its AI ambitions will likely be the highlight of its third-quarter report after the bell on Wednesday.
Meta Platforms Inc (NASDAQ:META) is one of the many Big Tech names reporting earnings this week.