The post Meta reported Q3 revenue of $51.24 billion, up 26% year-over-year appeared on BitcoinEthereumNews.com.

According to Meta’s third-quarter earnings released Wednesday after the Closing Bell, the company generated $51.24 billion in revenue for the 3rd quarter, seeing a 26% surge from last year’s $40.59 billion. Operating income rose to $20.53 billion, up 18% from $17.35 billion in the same period a year ago. But despite the revenue surge, the company’s net income plunged 83% to $2.71 billion, compared to $15.69 billion last year, due to a massive one-time tax hit tied to new U.S. corporate tax laws under the Trump administration. Meta said its effective tax rate skyrocketed to 87%, up from 12% in 2024, after recognizing a $15.93 billion non-cash income tax charge resulting from the One Big Beautiful Bill Act and the U.S. Corporate Alternative Minimum Tax. Excluding that one-time charge, the tax rate would have been 14%, net income would have reached $18.64 billion, and diluted earnings per share would have climbed to $7.25, instead of the reported $1.05. Reality Labs drags with $4.4 billion loss Meta’s metaverse division continues to burn cash. Reality Labs, responsible for VR and AR hardware, reported an operating loss of $4.4 billion in the quarter, while sales totaled only $470 million. Analysts had expected a larger loss of $5.1 billion on $316 million in revenue. The unit builds the Quest VR headsets and the Ray-Ban and Oakley AI smart glasses designed with EssilorLuxottica. The company’s Reality Labs division has now recorded over $70 billion in cumulative losses since late 2020, with Meta blaming it on the high costs of building VR, AR and other consumer hardware. “Clearly there is a lift coming from Ray-Ban Meta wearables as a product category,” EssilorLuxottica CFO Stefano Grassi said during a third-quarter earnings call. In September, CEO Mark Zuckerberg unveiled the $799 Ray-Ban Display glasses, the company’s first consumer-ready…

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Filed under: News - @ October 29, 2025 10:29 pm