Meta’s $18 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs

Meta’s $18 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs hakkında magazin dünyasında yaşanan en son ayrıntılar ve sıcak gelişmeler netleşti. Oct 21, 2026 1:13pm PT Meta’s $18 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs By Corbin Bolies Plus Icon Corbin Bolies Latest WGA East Strikes Deal With Cloak to Safeguard Screenplays from AI Scraping 1 day ago Spotify Inks Licensing Deal With Believe Music for AI Remixing Tool 1 day ago Spotify Has Removed 50 Million AI Slop Tracks From Recommendations This Year 1 day ago See All Add us as a Google Preferred Source Comments 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, up 264%.

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Its earnings per share hit $3.83. Analysts polled by LSEG Data & Analytics expected the company’s revenue to hit $63.4 billion and earnings per share of $5.46.

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Wall Street analysts didn’t seem to mind the lower EPS, however, as its share price was up 2% after market close. Popular on Variety The earnings report came hours after a New Mexico state judge ordered Meta to pay $25 billion after a jury found the company liable last month for deceiving users about Facebook‘s data privacy and content moderation policies.

That ruling came after Meta reached an $18 billion settlement with 52 state attorneys general in August over claims that it designed Instagram with addictive features, knowingly exposed young users to serious mental harms, and intentionally misled the public about the safety of its platforms, among other claims. More to come… Jump to Comments More from Variety Jeremy Clarkson Returns to Automobiles in New ‘Clarkson’s Farm’ Special ‘Jeremy Grows a Car’ Prime Video Takes Global on Turkish AI-Generated Movie ‘Çukur:Vartolu,’ a Spin-Off From the Hit Series Known Internationally as ‘The Pit’ (EXCLUSIVE) Indian Streamer JioHotstar Launches in U.K., Canada and Singapore With Interactive Features Prime Video, Sony, JioStar, Zee and NDTV Chiefs on How Connected TV Is Reshaping Indian Storytelling Prime Video’s ‘Marília Mendonça – Sentimento Louco’ Offers Unparalleled Access to Brazil’s Most Popular Singer Five Years After Tragic Plane Crash HBO Max Reaches Agreement on French Animation and Documentary Investment Quotas as Netflix, Disney and Amazon Push Back JavaScript is required to load the comments.

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