Meta Platforms Inc (META) Q3 2025 10-Q Quarterly Report
Filed: Oct 30, 2025Period ending Sep 30, 2025
Information Technology
Services-Computer Programming, Data Processing, Etc.SEC EDGAR Meta Platforms Inc (META) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Meta Platforms Inc Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $51.24B Q3 2025, up 26% YoY from $40.59B Q3 2024, driven by advertising growth
- • Operating income $20.54B Q3 2025, up 18% YoY from $17.35B; operating margin ~40.1% Q3 2025 vs ~42.7% Q3 2024 (calculated)
- • Best segment Family of Apps: revenue $50.77B up 26% YoY, operating income $24.97B up 15% YoY; worst Reality Labs: revenue $1.25B up 74% YoY, operating loss $(4.43)B flat YoY
- • Cash, cash equivalents, and marketable securities $44.45B as of Sept 30, 2025; capital expenditures $19.37B Q3 2025; share repurchases $3.16B Q3 2025
- • Management flags ongoing regulatory and platform changes as headwinds; expects Q4 2025 tax rate 12-15%; continues major AI and Reality Labs investments
Risk Factors
- • New regulatory risk: April 2025 European Commission fined and ordered changes to ads “subscription for no ads” model under DMA after formal proceedings started March 2024
- • Material update on AI risk: Increased regulatory, legal scrutiny, and competitive pressure on AI features, including FTC and congressional investigations impacting financial results
- • Most impactful legal risk: Ongoing multijurisdictional investigations and lawsuits including $1.2B EU data transfer fine, U.S. FTC COPPA administrative proceeding, and antitrust suits seeking divestiture
- • Near-term operational risk: Dependence on mobile OS interoperability challenged by Apple and Google’s privacy measures affecting ad targeting, user access, and monetization
- • Financial risk: Reality Labs investments reduced 2024 operating profit by $17.73B, with rising 2025 operating losses, pressuring margins and requiring profitable core business to fund growth
Meta Platforms Inc Q3 2025 Quarterly FinancialsXBRL
Revenue
$51.2B
▲ +26.2% YoY▲ +7.8% QoQ
Net Income
$2.7B
▼ -82.7% YoY▼ -85.2% QoQ
Operating Margin
40.1%
▼ -268bp YoY▼ -295bp QoQ
Net Margin
5.3%
▼ -3336bp YoY▼ -3330bp QoQ
ROE
1.4%
Total Assets
$303.8B
EPS (Diluted)
$1.06
▼ -82.4% YoY▼ -85.1% QoQ
Operating Cash Flow
$30.0B
▲ +21.3% YoY▲ +17.4% QoQ
Source: XBRL data from Meta Platforms Inc Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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