Meta Q3 Earnings Stunted by Nearly $16 Billion U.S. Tax Charge Because of Trump’s One Big Beautiful Bill Act
Update: 2025-10-30
Description
Meta, the parent company of Facebook, Instagram, and WhatsApp, reported a significant increase in revenue for Q3, reaching $51.2 billion, a 26% jump from the previous year. However, a substantial tax charge due to the One Big Beautiful Bill Act resulted in a missed earnings expectation, with net income dropping by 83% to $2.71 billion. Despite the tax hit, daily active users grew by 8% to 3.54 billion, and the company expects fourth quarter revenue between $56 and $59 billion. Meta plans to invest heavily in AI computing power, with capital spending estimated at $70-72 billion for 2025 and even more in 2026.
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