Meta’s $18 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs
Meta’s $18 billion nationwide settlement with state attorneys general forced nearly $10 billion in additional costs for the company during its third quarter in 2026, missing Wall Street expectations even as its quarterly revenue was up 28%. The company‘s revenue for the quarter hit $64.6 billion, up 26%, while its net income was $9.86 billion, […]
Key Takeaways
- Meta’s $18 billion nationwide settlement with state attorneys general forced nearly $10 billion in additional costs for the company during its third quarter in 2026, missing Wall Street expectations even as its quarterly revenue was up 28%.
- The company‘s revenue for the quarter hit $64.6 billion, up 26%, while its net income was $9.86 billion, […]
- Full details and original dispatch available below.
Meta’s $18 billion nationwide settlement with state attorneys general forced nearly $10 billion in additional costs for the company during its third quarter in 2026, missing Wall Street expectations even as its quarterly revenue was up 28%. The company‘s revenue for the quarter hit $64.6 billion, up 26%, while its net income was $9.86 billion, […]
Original Publisher Attribution
This summary was curated from Variety.