Meta's Profit Declines Amid Tax Charges and Rising Expenses
TL;DR Summary
Meta's Q3 profit was significantly impacted by a $16 billion one-time tax charge related to U.S. legislation, leading to a drop in shares. Excluding this charge, net income would have surged, and the company plans to increase capital expenditure substantially in 2026 to support its AI and infrastructure growth. Meta continues to leverage its large user base and AI-driven ad platform, while investing heavily in AI development and data centers, despite rising costs and economic uncertainties.
- Meta's profit hit by about $16 billion one-time tax charge, shares fall Reuters
- Meta to report third-quarter earnings after the bell CNBC
- Meta Projects Increasing Expenses, Takes One-Time Tax Charge Bloomberg
- Meta Raises Its Spending Forecast on A.I. to Above $70 Billion The New York Times
- Meta shares slide after company projects higher expenses for 2026 Newsday
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