Meta Shares Drop 6.5% As AI Spending Outlook Sparks Concern Among Investors

Name: Meta Shares Drop 6.5% As AI Spending Outlook Sparks Concern Among Investors
Uploaded: 2025-10-30T16:02:11+00:00
Duration: 49 s
Channel: Benzinga
Description: Meta reported Q3 revenue of $51.2 billion, beating expectations but warning of rising 2026 expenses due to heavy AI infrastructure spending. A $15.9 billion tax charge cut net income to $2.71 billion,...

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Meta reported Q3 revenue of $51.2 billion, beating expectations but warning of rising 2026 expenses due to heavy AI infrastructure spending. A $15.9 billion tax charge cut net income to $2.71 billion, and shares fell 6.5% in extended trading as investors questioned the payoff of Mark Zuckerberg’s AI strategy.