Overview

* Meta Q3 2025 revenue grows 26% yr/yr, beating analyst expectations

* Net income impacted by one-time tax charge, diluted EPS down 83% yr/yr

* The third quarter 2025 provision for income taxes includes aone-time, non-cash income taxchargeof $15.93 billion

* Company sees 14% increase in ad impressions delivered across co's Family of Apps, 10% rise in average price per ad

Outlook

* Meta expects Q4 2025 revenue between $56-59 bln

* Full year 2025 expenses projected at $116-118 bln

* 2025 capital expenditures forecasted at $70-72 bln

Result Drivers

* AD IMPRESSIONS - Meta reports a 14% year-over-year increase in ad impressions across its Family of Apps

* AVERAGE PRICE PER AD - Co saw a 10% year-over-year rise in average price per ad

* AI GLASSES LEADERSHIP - Meta continues to lead the industry in AI glasses, according to CEO Mark Zuckerberg

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $51.24 $49.41

Revenue bln bln (45

Analysts

)

Q3 EPS $1.05

Q3 40%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 59 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Meta Platforms Inc ( META ) is $875.00, about 14.1% above its October 28 closing price of $751.44

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)