5 of the biggest takeaways from Meta's Q3 earnings call
Update: 2025-10-30
Description
Meta's Q3 earnings report, despite beating revenue expectations, saw a nine percent drop in shares due to a massive tax charge and AI investment concerns. The company plans to spend $70-72 billion on AI this year, with Reality Labs reporting a $4.43 billion loss. However, AI-powered recommendations boosted engagement, with Facebook's time spent up five percent and Instagram video viewing up thirty percent. The Ray-Ban smart glasses collaboration sold out in 48 hours, indicating strong consumer interest in Meta's wearable technology. Despite the tax charge, Meta expects a significant reduction in federal tax payments and plans to expand into AI and mixed reality technologies.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
