Meta's Q3 revenue was $64.6 billion, a year-on-year increase of 26%

Meta's revenue for the third quarter was $64.6 billion, a year-on-year increase of 26%, with an estimated revenue of $633.3 million; Operating profit of 12.99 billion US dollars, a year-on-year decrease of 37%, estimated at 20.85 billion US dollars; Earnings per share were $3.83, compared to $1.05 in the same period last year, with an estimated $3.57. Meta expects fourth quarter revenue of $73 billion to $76 billion, with a market estimate of $73.57 billion; Expected annual capital expenditures range from $135 billion to $145 billion, previously estimated at $1.3 billion to $145 billion; Reality Labs is expected to incur a loss of $18 billion to $19 billion by 2026. Meta has disclosed a new plan to issue non voting Class C common stock, with non voting shares ensuring that CEO Mark Zuckerberg continues to lead the company.