Meta stock crashes 11% after disappointing Q3 earnings report. Shares fell to $667.48. Investors are rattled. A $15.9 billion tax hit crushed profits. EPS dropped to $1.05 versus $6.70 expected. Revenue still jumped 26% to $51.

Shares in Meta Platforms (META) are down 12% on Thursday, extending Wednesday's post-market losses, after the social media and AI tech giant recorded a one-time charge of nearly $16B after implementing President Donald Trump's OBBBA tax law,

Meta Platforms generated $51.2 billion in revenue for in Q3, up 26% year over year and about 8% above the $47.5 billion it posted in the second quarter. Growth was helped by a 14% rise in ad impressions and a 10% increase in ad pricing.

AI is booting engagement across Meta's social media platforms and driving interest in Meta glasses, but it comes at the cost of record CapEx spending.

Meta Platforms Inc. (NASDAQ: META) posted upbeat earnings for the third quarter on Wednesday. Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68. On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.

Meta Platforms, Inc. is upgraded to Buy in the high-$600s following its Q3 2025 results & post-ER selloff. Learn more about META stock here.

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Shares of Meta Platforms, Inc. (NASDAQ: META) saw a 7.67% drop during the pre-market trading session on Thursday after the company reported a a one-time, non-cash income tax charge in its third-quarter earnings report.

We had another strong quarter with 3.5 billion people using at least one of our apps every day. Building personal superintelligence for everyone, delivering the app experiences and computing devices that will improve the lives of billions of people around the world.

For Q3, Meta is expected to report earnings per share of $6.72 on revenue of $49.6 billion, according to Bloomberg consensus estimates. That’s up from the $6.03 per share and $40.6 billion the company reported in the same quarter last year.

Meta Platforms Inc. (NASDAQ: META) is one of the stocks that should double in 3 years. On October 24, Truist analyst Youssef Squali lifted the price target for Meta to $900 from $880 and reaffirmed a Buy rating. The decision was made as the firm is highly optimistic about the company’s prospects heading into its Q3 2025 earnings announcement.