Meta revenues surged 26% in the quarter, beating forecasts; stock rose 2.2% in after-hours trading

Meta reported third-quarter revenues of $64.6 billion, a 26% jump from last year and above expectations. The stock rose 2.2% in after-hours trading. Meanwhile, the company was fined $25 billion in the Cambridge Analytica case.

Meta released its third-quarter results, with revenues of $64.6 billion—a 26% increase year-over-year, surpassing analyst forecasts of $63.37 billion. Earnings per share were $3.83. The stock surged 2.2% in after-hours trading. Daily active users stood at 3.64 billion, below expectations. The company forecasts fourth-quarter revenues of $73-76 billion, above estimates. Annual capital expenditures were narrowed to a range of $135-145 billion. The Muse AI personal assistant, launched in September, reached the top of Apple's App Store. Separately, it was reported that Meta will pay a $25 billion fine in New Mexico over the Cambridge Analytica scandal, and the company said it will appeal.