StocksMedium•4 November 2026•
1 min read
Meta Beats Q3 Estimates on Ad Growth Despite Rising AI Costs and Legal Charges
Key Facts
1Meta exceeded third-quarter revenue and earnings forecasts, driven by robust growth in advertising revenue.
2Free cash flow turned negative due to a large one-time legal charge and increased AI infrastructure spending.
Meta Platforms, Inc. exceeded third-quarter revenue and earnings forecasts, driven by robust growth in advertising revenue. Kalkine Media reported that higher ad impressions and prices boosted the company's top line during the period.
Free cash flow turned negative due to a large one-time legal charge and increased capital expenditure for AI infrastructure. META was trading at $637.84 on November 4, 2026, while peers GOOGL and MSFT were trading at $291.11 and $556.07, respectively, on the same date.