Meta Beats Third-Quarter Estimates, Raises Revenue Guidance to $73 Billion-$76 Billion

Meta Platforms delivered strong third-quarter results and raised current-quarter revenue guidance to between $73 billion and $76 billion. The company posted third-quarter earnings of $3.83 per share on record revenue of $64.6 billion, up 26% year-over-year. Meta also projected AI infrastructure capital expenditures of $135 billion to $145 billion and announced a 2-for-1 stock split. Shares rose between 2% and 3.9% in extended trading following the release, after U.S. markets anticipated the report as a benchmark for Big Tech artificial intelligence spending and enterprise demand.