Meta Platforms(US:META) Benzinga·2025-10-29 20:43Core Insights - Meta Platforms, Inc. reported diluted earnings per share of $1.05, impacted by a one-time, non-cash income tax charge of $15.93 billion, with adjusted earnings per share at $7.25 [1][2] - Quarterly revenue reached $51.24 billion, exceeding the Street estimate of $49.38 billion, marking a 26.25% increase from $40.58 billion in the same period last year [2][6] - Meta anticipates fourth-quarter revenue between $56 billion and $59 billion, slightly below the analyst estimate of $57.21 billion [6] Financial Performance - Total costs and expenses for the quarter were $30.71 billion, reflecting a 32% year-over-year increase [7] - Capital expenditures amounted to $19.37 billion, including principal payments on finance leases [7] - Average daily active people (DAP) reached 3.54 billion in September 2025, an 8% year-over-year increase [7] Strategic Outlook - CEO Mark Zuckerberg highlighted a strong quarter and emphasized the potential of Meta Superintelligence Labs and AI glasses, indicating an exciting future for the company [3][5] - The company expects significant growth in capital expenditures and total expenses in 2026, driven by infrastructure costs and employee compensation, particularly for AI talent [5][6]