Meta Raises Quarterly Revenue but Faces Rising AI Costs

Meta reported a 26% year-on-year increase in revenue in the third quarter, reaching nearly $65 billion, while its expenses rose 68% due to capital expenditures. The company also disclosed future spending commitments of about $825 billion, raising questions about the returns on its AI investments.

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• Meta's revenue rose 26% year-on-year in the third quarter, reaching nearly $65 billion.

  «Revenue rose 26% year over year in the third quarter to nearly $65 billion»

  Social Media Today
• Meta's expenses increased 68% according to the article, due to capital expenditures.

  «but expenses were up 68% due to capital expenditures»

  Social Media Today
• Meta disclosed future spending commitments of about $825 billion.

  «Meta Platforms disclosed about $825 billion in future spending commitments»

  CNBCTV18

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