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Meta sees earnings surge in Q3, cautions on rising AI spending

  • Meta, the parent company of Facebook, reported strong revenue and profit growth in Q3 due to increased digital ad spending.
  • Net profit surged 35% YoY to $15.7 billion, while revenue rose 19% to $40.6 billion.
  • Meta's CEO, Mark Zuckerberg, highlighted the importance of AI investments for accelerating the core business.
  • The company expects significant capital expenditure growth in 2025 and forecasts Q4 revenue of $45 billion to $48 billion.

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