Reported about 17 hours ago
Meta's stock dropped in after-hours trading despite strong Q3 results, as the company warned of significantly higher expenses in 2026 due to increased costs from AI investments and employee compensation. Meta reported a net income of $2.71 billion and a revenue increase of 26%, but analysts predict expenses could reach $97 billion next year. While shareholders reacted negatively, analysts noted the company's ad revenue performance remains strong, despite upcoming legal challenges in the U.S. and EU that could impact its finances.
Source: YAHOO