Meta’s Almost $10 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs
2 sources·Updated October 21, 2026
Covered by 2 sources
- Deadline Hollywood·6h agoMeta Tops Q3 Revenue Estimates, But Earnings Hit By Teen Lawsuit Settlement; Stock Split Creates Class C Shares
Meta’s third-quarter revenue beat Wall Street expectations, but earnings took a hit from the company’s settlement of a lawsuit filed on behalf of teenage social media users. Revenue for the July-to-September period set a new record at $64 billion, beating the consensus forecast…
Read at Deadline Hollywood → - Variety·6h agoMeta’s Almost $10 Billion Legal Costs Take Huge Toll on Q3 Earnings, Wall Street Shrugs
Meta’s $18 billion nationwide settlement with state attorneys general forced nearly $10 billion in additional costs for the company during its third quarter in 2026, missing Wall Street expectations on per-share earnings Wednesday even as its quarterly revenue was up 28%. The…
Read at Variety →