Meta三季度净利骤降83%

Core Insights - Meta's stock price fell significantly after the announcement of its Q3 FY2025 earnings due to rising capital expenditures and an unexpected tax expense [1] Financial Performance - For Q3 FY2025, Meta reported revenue of $51.242 billion, a 26% increase year-over-year, surpassing market expectations of $49.4 billion [1] - The net profit plummeted by 83% to $2.709 billion compared to the same period last year [1] - The diluted earnings per share (EPS) was $1.05, significantly below the market expectation of $6.70 [1] Tax Impact - The substantial decline in net profit was primarily attributed to a one-time non-cash income tax expense of $15.93 billion resulting from the "One Big Beautiful Bill Act" introduced by former President Trump [1] - Excluding this tax expense, the EPS would have been $7.25, reflecting a 20% year-over-year growth [1] - The company anticipates a significant reduction in cash tax payments at the federal level in the future [1]