Meta's Revenue Rose 26% Last Quarter, Beating Expectations; the Company Raised Its Full-Year Capital Expenditure Floor.
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Revenues and profits go up in the third triems for Meta
[Cable News] Facebook's parent company, Meta, saw its profits increase 2.6 times last quarter. Earnings rose to $9.86 billion, while revenue increased by 26% to $64.6 billion.
Illustrative image Photo: PexelsMeta records profit of US$ 9.86 bi, high of 264%, with revenue of US$ 64.60 bi in the 3rd quarter
Meta, the US company that operates the social networking site Facebook, announced on the 21st that its net profit for the July-September 2026 quarter was $9.86 billion (approximately 1.6 trillion yen), about 3.6 times higher than the same period last year. This is due to a rebound from the large tax expenses recorded in the same period last year, as well as the internet…
The social media company recorded a 26% increase in revenues to 64.60 thousand million euros, while profits went to 9.86 thousand millions euros.
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