Meta's Q3 Pummeled By $16 Billion, One-Time Tax Charge

saw profits sink for the three months ended in September on a massive and unexpected one-time tax charge of $15.9 billion, despite reporting solid underlying numbers. Shares fell 8% after-market on the earnings hit and higher that anticipated capital expenditures this year. Specifically, it said a third quarter 2025 provision for income taxes included a onetime, non-cash income tax charge of $15.93 billion. Going forward, however, it expects a significant reduction in U.S. federal cash tax payments for th ...