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2025-10-30 16:40:35
[Meta Shares Fall Over 7% Pre-Market, One-Time Tax Expense Dragging Down Earnings] ⑴ On Thursday, MetaPlatforms (META.US) fell over 7% pre-market, trading at $697.9. ⑵ Meta released its Q3 results on Wednesday: revenue of $51.2 billion, a 26% year-over-year increase and a record high, but net income of $2.7 billion was far below expectations, mainly due to a one-time tax expense of $15.93 billion incurred in support of Trump's "Big Beauty Act". ⑶ The company expects Q4 revenue of $56-59 billion, in line with market expectations; it raised its 2025 capital expenditure forecast to $70-72 billion (from $66-72 billion) and warned that total expenditure growth in 2026 will be significantly higher than in 2025, due to rising infrastructure costs such as cloud computing and depreciation.
