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satoos
#MetaQ3RevenueBeat
Q3 revenue: $64.60B (+26% YoY), beating $63.34B estimates.
EPS: $3.83 vs. $6.54 expected—but a $9.89B legal charge dragged results down. Adjusted EPS was $7.40.
The deeper signal: expenses surged 68%, operating margin fell from 40% to 20%, and free cash flow turned negative at -$2.12B.
My take: Meta’s ad engine remains powerful, but AI spending and rising costs are the real test. Watch Q4 guidance and capital expenditure—not revenue alone.
$META $xMETA
