Meta Platforms(US:META) Ge Long Hui A P P·2025-10-29 22:50Core Viewpoint - Meta Platforms reported record high revenue for Q3 but warned of rising future capital expenditures, leading to an approximately 8% drop in stock price during after-hours trading [1] Financial Performance - Q3 revenue reached $51.2 billion, a year-over-year increase of 26% [1] - Net profit was $2.7 billion, significantly below analyst expectations [1] - The decline in net profit was attributed to a one-time tax expense of $15.93 billion related to the "Great American Rescue Plan" [1] Future Guidance - Meta expects Q4 revenue to be between $56 billion and $59 billion, roughly in line with market expectations [1] - The company anticipates that total expenditures will grow significantly faster in 2026 compared to 2025, primarily due to rising infrastructure costs, including increased cloud computing expenses and higher depreciation [1] - Capital expenditure expectations for 2025 have been raised, with projected spending now between $70 billion and $72 billion, up from a previous estimate of $66 billion to $72 billion [1]