Meta Platforms(US:META) 3 6 Ke·2025-10-30 02:40Core Insights - Meta's Q3 2025 revenue reached $51.24 billion, a 26% increase from $40.59 billion in Q3 2024, while net income fell to $2.71 billion, down 83% from $15.69 billion in the same period last year due to a one-time tax expense related to the "Big Beautiful Law" [1][2][5] Financial Performance - Q3 2025 operating income was $20.54 billion, up 18% from $17.35 billion in Q3 2024, with an operating margin of 40%, down from 43% year-over-year [1][2] - Total costs and expenses for Q3 2025 were $30.71 billion, a 32% increase from $23.24 billion in Q3 2024, with significant increases in research and development costs [5][6] - Meta's effective tax rate for Q3 2025 was 87%, compared to 12% in the same quarter last year, reflecting a substantial increase in tax provisions [5][6] User Engagement and Advertising - The average daily active users (DAU) across Meta's family of services reached 3.54 billion in September 2025, an 8% increase year-over-year [3] - The number of ad impressions increased by 14% year-over-year, while the average price per ad rose by 10% [3] Future Outlook - Meta expects Q4 2025 revenue to be between $56 billion and $59 billion, with a positive impact of approximately 1% from foreign exchange factors [7] - The company anticipates total expenses for 2025 to be between $116 billion and $118 billion, reflecting a year-over-year increase of 22% to 24% [7] - Capital expenditures for 2025 are projected to be between $70 billion and $72 billion, up from previous guidance [7] Strategic Initiatives - Meta plans to expand its infrastructure capabilities to meet increasing computational demands, which will lead to higher capital expenditures in 2026 [8] - The company is focusing on hiring AI talent and expanding in key technology areas to drive future growth [8] Regulatory Environment - Meta is engaged in discussions with the European Commission regarding the "Less Personalized Ads" initiative, which may negatively impact European revenues [9] - Ongoing legal challenges related to youth users in the U.S. are expected to be heard in 2026, potentially leading to significant financial implications [9] Executive Commentary - CEO Mark Zuckerberg highlighted strong business performance and community engagement, expressing optimism about future opportunities, particularly in AI and smart glasses [10]