Meta Q3 revenue $64.60B beat $63.33B estimate; ad revenue $63.06B beat $61.85B; EPS $3.83 beat $3.57. Operating income fell 37% to $12.99B due to $9.89B legal charge. Q4 revenue guidance $73-76B. New non-voting Class C stock approved.
Includes $9.89B charge from teen mental health settlement
Reality Labs revenue $443M, operating loss $4.13B
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
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