Meta's Third-Quarter Revenue Exceeds Expectations and It Raises Investment Plans
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On October 22, 2026, Cryptopolitan reported that Meta's third-quarter revenue was $64.6 billion, higher than Wall Street's expectation of $63.37 billion. After the earnings report was released, the company's stock price rose 2.5% in after-hours trading, but operating profit was negatively affected. Meta expects fourth-quarter revenue of $73 billion to $76 billion and adjusted its annual investment forecast to $135 billion to $145 billion, with investment focused on data centers and artificial intelligence training equipment.
AI-written from reports · updated 2 hours ago
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- CryptopolitanMeta revenue of $64.60 billion exceeds expectations, shares rise after earnings report but operating profit declines
Meta reported third-quarter revenue of $64.60 billion, above Wall Street expectations of $63.37 billion. Shares rose 2.5% in after-hours trading following the earnings report, but operating profit was negatively affected. The company expects fourth-quarter revenue of $73 billion to $76 billion and adjusted its annual investment outlook to $135 billion to $145 billion, with a focus on data centers and AI training equipment.
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