FinanceFortuneabout 1 hour ago
Meta Revenue Surges While Profit Drops
2 min read
Meta reported third-quarter revenue of $64.6 billion, beating analyst expectations. However, operating income fell to $13 billion due to a $25 billion penalty and a $10 billion settlement charge. Capital expenditures reached $34.9 billion, while free cash flow turned negative at $2.1 billion.
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