Logotype for Meta Platforms Inc

Meta Platforms (META) investor relations material

Meta Platforms Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Meta Platforms Inc
Q3 2025 earnings summary29 Oct, 2025

Executive summary

  • Q3 2025 revenue reached $51.24 billion, up 26% year-over-year, driven by strong ad impressions and higher average price per ad.

  • Net income was $2.71 billion, impacted by a $15.93 billion one-time, non-cash tax charge; excluding this, net income would have been $18.64 billion.

  • Diluted EPS was $1.05, or $7.25 excluding the one-time tax charge.

  • Family daily active people reached 3.54 billion, up 8% year-over-year.

  • Major product launches included new AI glasses and the Vibes AI content creation tool, both seeing strong demand.

Financial highlights

  • Advertising revenue grew 26% year-over-year to $50.08 billion; other revenue increased 59% to $690 million.

  • Reality Labs revenue rose 74% to $470 million, mainly from Meta Quest and AI glasses.

  • Operating income was $20.54 billion, with a 40% operating margin.

  • Free cash flow for Q3 2025 was $10.63 billion.

  • Cash, cash equivalents, and marketable securities totaled $44.45 billion at quarter end.

Outlook and guidance

  • Q4 2025 revenue expected between $56–59 billion, with ad revenue growth offset by lower Reality Labs revenue.

  • Full-year 2025 expenses forecasted at $116–$118 billion (22–24% growth); CapEx expected at $70–$72 billion.

  • 2026 to see notably larger CapEx and faster expense growth, mainly for AI infrastructure and talent.

  • Q4 2025 effective tax rate projected at 12–15%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Meta Platforms earnings date

Logotype for Meta Platforms Inc
Q4 202528 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Meta Platforms earnings date

Logotype for Meta Platforms Inc
Q4 202528 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

The Metaverse pioneer and the world's largest social network

Meta Platforms, formerly known as Facebook, is the world’s largest social media company and one of the largest digital advertising companies in the world. Meta has over three billion daily active users and almost half of the total world population as users across its different platforms such as Facebook, Instagram, and WhatsApp. Given the enormous success and incredible growth since its inception, Meta is a part of the famous FAANG cohort, which besides Meta (Facebook) consists of Apple, Amazon, Netflix, and Alphabet (Google).

The company also aims at building out the next big digital connectivity platform, often referred to as the Metaverse. This venture into augmented and virtual reality started with the acquisition of Oculus back in 2014. Other known subsidiaries are Giphy, Mapillary, Kustomer, and Jio Platforms.

Dorm room dreams

Meta, formerly known as FaceMash and later Thefacebook, was founded by Mark Zuckerberg, and was launched from his dorm room at Harvard back in 2003. It was first introduced as a “hot or not” platform for rating college girls’ faces, and limited to Ivy League college email addresses. However, it did not take long for the platform to explode into a global connectivity revolution. Two years after its launch, Thefacebook had attracted roughly 6 million users.

And just three years after its founding, the board decided to decline a $1 billion takeover bid from Yahoo!.

Their internal valuation of the company was apparently closer to $8 billion, projecting $1 billion in revenue by 2015 (Meta would later report closer to $6 billion in revenue with a 44% operating margin in 2015). If you want to know more about the origins of Meta, and if you have not seen the movie The Social Network, it is definitely worth 120 minutes of your time.

The Instagram acquisition

Instagram got over one million downloads during its first day being available on Android, and got acquired by Facebook just 6 days after its launch. The deal was closed shortly before Facebook’s IPO and was considered very expensive at the time, almost indefensible, as the price tag was $1 billion. This was ironically the same price as Yahoo! offered to acquire Facebook back in 2006.

Today, Instagram is one of the most popular apps ever in terms of both downloads and engagement. Since Meta is not disclosing Instagram’s financial figures we can not know for sure, but experts estimate that it reached around $25 billion of revenue in 2020. If that estimate is remotely close to being true, Instagram should be considered one of the best acquisitions of all time.

Betting on the Metaverse

Much like with the internet back in the 1970s, it is hard to fully grasp what the so-called Metaverse will look like in its fully adopted form, but thought leading CEOs like Meta’s Mark Zuckerberg and Microsoft’s Satya Nadella portrays it as a gigantic paradigm shift for digital connectivity. The vision is to go from 2D communication services like Zoom, to 3D interaction capabilities using technologies such as virtual and augmented reality.

Let’s take a look at an imaginary example: You want to learn how to play the guitar. Now imagine that you could lend a free trial guitar that looks exactly like you want from a virtual Metaverse music instrument’s shop, which also includes one hour of teaching from a digital AI avatar called Slash_GnR66. You could start learning instantly straight from the comfort of your own living room, using your virtual reality headset.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage