Earnings Call
Oct 28, 2025
Q3 FY2025
EPS Estimate
6.72
EPS Actual
7.25
Post-Earnings Close
$666.47
Earnings Reaction
-11.3%
Meta's Q3 2025 was operationally one of the strongest quarters in the company's history, $51.2 billion in revenue, up 26% year-over-year, beating the $49.5 billion consensus by roughly $1.7 billion, with a 40% operating margin that exceeded the 38.7% analysts had modeled. The headline EPS of $1.05 was a dramatic miss against the $6.72 estimate, but this is entirely attributable to a one-time, non-cash $15.9 billion deferred tax asset write-down triggered by new U.S. tax law. Excluding that charge, EPS would have been $7.25, a clean beat. Free cash flow of $10.6 billion and $44.4 billion in cash and securities underscore that the underlying business is generating capital at an accelerating rate.
Report generated on Apr 10, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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