Meta Q3 Profit Rises to $9.86 Billion as Revenue Climbs 26%

Meta Platforms Inc. (META) reported third-quarter net income of $9.860 billion, or $3.83 per share, up from $2.709 billion, or $1.05 per share, in the year-ago period, the company announced. Revenue for the quarter rose 26.1% to $64.601 billion from $51.242 billion last year, according to the GAAP figures. The company guided next-quarter revenue to a range of $73 billion to $76 billion.