Skip to main content
Entertainment

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

Feed excerpt — reported by Variety

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, […]

MAP records observable characteristics of the original article (publisher, author, date, references, framing cues). MAP does not verify the article’s claims or score it. Read the full original story at Variety →

Original Source

This article was syndicated from Variety. All rights remain with the original publisher.