Meta Beats Revenue Expectations but Profits Fall Due to $18B Legal Settlement
Meta exceeded investor expectations for third-quarter revenue, driven by its focus on the global AI race. However, its profits dropped nearly 50% to $9.86 billion from July to September, impacted by a $9.9 billion charge related to an $18 billion legal settlement with nearly all US states. This settlement significantly affected the company's earnings.
ET Tech·


