Q3 25 EPS
$7.25
BEAT +8.20%
Est. $6.70
Q3 25 Revenue
$51.24B
BEAT +3.75%
Est. $49.39B
vs S&P Since Q3 25
-18.4%
TRAILING MARKET
META -12.4% vs S&P +6.0%
Market Reaction
Did META Beat Earnings? Q3 2025 Results
Meta Platforms delivered a strong third quarter, posting adjusted diluted EPS of $7.25, beating the $6.70 consensus estimate by 8.20%, while revenue of $51.24 billion topped expectations by 3.75% and climbed 26.3% year over year. The headline GAAP fi… Read more Meta Platforms delivered a strong third quarter, posting adjusted diluted EPS of $7.25, beating the $6.70 consensus estimate by 8.20%, while revenue of $51.24 billion topped expectations by 3.75% and climbed 26.3% year over year. The headline GAAP figures were heavily distorted by a $15.93 billion non-cash tax charge tied to the One Big Beautiful Bill Act, compressing reported net income to just $2.71 billion, but the underlying business showed little sign of strain. Advertising revenue of $50.08 billion, fueled by a 14% rise in ad impressions and a 10% increase in average price per ad, drove the bulk of the outperformance, while the Family of Apps segment contributed $24.97 billion in operating income. Capital expenditures surged to $19.37 billion in the quarter alone, and management raised its full-year capex outlook to $70 to $72 billion, with 2026 spending expected to grow "notably larger," a commitment that has drawn scrutiny from critics questioning how aggressively the industry is accounting for the rapid obsolescence of AI hardware. Looking ahead, Meta guided Q4 revenue to $56 to $59 billion.
Key Takeaways
- • Ad impressions delivered across Family of Apps increased by 14% year-over-year
- • Average price per ad increased by 10% year-over-year
- • Family daily active people (DAP) grew 8% year-over-year to 3.54 billion
- • Continued strong advertising revenue growth of 26% year-over-year
META YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
META Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a strong quarter for our business and our community. Meta Superintelligence Labs is off to a great start and we continue to lead the industry in AI glasses. If we deliver even a fraction of the opportunity ahead, then the next few years will be the most exciting period in our history.”
— Mark Zuckerberg, Q3 2025 Earnings Press Release
META Earnings Trends
META vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
META EPS Trend
Earnings per share: estimate vs actual
META Revenue Trend
Quarterly revenue: estimate vs actual
META Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $6.66 | $10.44 | +56.79% | $56.31B | +1.36% |
| Q4 25 BEAT FY | $8.22 | $8.88 | +8.00% | $59.89B | +2.43% |
| FY Full Year | — | $23.49 | — | $200.97B | — |
| Q3 25 BEAT | $6.70 | $7.25 | +8.20% | $51.24B | +3.75% |
| Q2 25 BEAT | $5.90 | $7.14 | +20.97% | $47.52B | +5.98% |
| Q1 25 BEAT | $5.22 | $6.43 | +23.11% | $42.31B | +2.30% |
| Q4 24 BEAT FY | $6.76 | $8.02 | +18.67% | $48.39B | +2.96% |
| FY Full Year | — | $23.86 | — | $164.50B | — |
| Q3 22 MISS | $1.89 | $1.64 | -13.23% | $27.71B | +1.12% |