Meta's Q3 Pummeled By $16 Billion, 1-Time Tax Charge
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Meta stock crashes 11% after disappointing Q3 earnings report. Shares fell to $667.48. Investors are rattled. A $15.9 billion tax hit crushed profits. EPS dropped to $1.05 versus $6.70 expected. Revenue still jumped 26% to $51.
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.
Meta Platforms' Q3 results in 2025 showed record revenue, a growing user base, and solid demand for advertising. However, Meta stock still tumbled over 9% in af
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.
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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.
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