(CNBC)Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday. The company’s stock price was down slightly in after-hours trading.Sales in the third quarter jumped 19% year over year while net income grew 35% to $15.7 billion from $11.6 billion a year earlier. That represents Meta’s lowest year-over-year growth for net income since the second quarter of 2023.
Meta misses on user growth, warns of 2025 jump in AI spending
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