Meta beats Q3 revenue expectations and announces 2-for-1 stock split

Meta reportedly beat third-quarter revenue forecasts and announced a 2-for-1 stock split, with Bloomberg also noting a new stock class and higher AI spending. Legal penalties reportedly weighed on profit.

Timeline

1. 21 Oct, 22:05 UTCFirst appeared on Free Malaysia Today
2. 22 Oct, 04:50 UTCPicked up on Google Trends
3. 22 Oct, 04:50 UTCMeta announces 2-for-1 stock split
4. 22 Oct, 04:50 UTCBloomberg covers AI spending and new stock class

Top sources

• mark zuckerbergGoogle Trends
• Meta earnings live: Meta beats Q3 revenue expectations, announces 2-for-1 stock splitYahoo Finance
• Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stockFortune
• Zuckerberg Wants To Build A Giant Online Network Of AI AgentsGizmodo
• Meta Boosts Bet on AI With Spending Outlook, New Stock ClassBloomberg.com
• Meta has a plan to turn 2 highly unprofitable divisions into massive cash cowsBusiness Insider
• Meta beats revenue expectations but legal penalties hit profitFree Malaysia Today
• Meta revenue beats forecasts but legal charges weigh on profitMalay Mail