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.

Click-to-Chat ads on WhatsApp surge 60% YoY, underscoring Meta’s growing focus on message-based commerce as overall ad revenue jumps 26% in Q3 2025.

The losses were less than in Q2 2025, but still greater year-over-year compared to Q3 2024.

Mark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Meta and Alphabet's quarterly earnings results.

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.