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<Results>Meta Dips 8%+ in After-hrs Trading as 3Q NP Plummets 83% on Trump's New Tax Law
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Meta(META.US), the parent company of Facebook, announced after the US equity market closed on Wednesday that its 3Q25 revenue increased by 26% YoY to US$51.2 billion. However, due to the implementation of the One Big Beautiful Bill Act by US President Donald Trump, the Company had to prepare for the valuation of tax assets. As a result, 3Q25 net profit had to deduct an one-time non-cash income tax charge of US$15.93 billion, causing net profit to plummet by 83% to US$2.7 billion during the perid, with diluted EPS at US$1.05. The stock dipped over 8% in after-hours trading. Excluding this tax expense, 3Q25 net income increased YoY to US$18.6 billion, with diluted EPS at US$7.25, both beating forecasts, the Company said. Meta expected US federal cash tax payments to significantly decrease for the rest of 2025 and future years. The Company's number of daily active users hiked by 8% to 3.54 billion, with the average price per advertisement growing by 10% YoY. Reality Labs reported a 3Q25 loss of US$4.4 billion, with sales of US$470 million. Meta anticipated 4Q25 total revenue to be between US$56 billion and US$59 billion, higher than expected. 2025 capital expenditures are expected to be in the range of US$70 billion to US$72 billion, higher than its prior forecast of US$66-72 billion. AASTOCKS Financial News Website: www.aastocks.com |
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