Meta Q3 earnings miss Wall Street targets on legal costs

Variety reports that an $18 billion nationwide settlement Meta reached with state attorneys general led to nearly $10 billion in added costs during the third quarter of 2026.

The company missed Wall Street expectations even as its quarterly revenue was up 28 percent.

Revenue for the quarter reached $64.6 billion, up 26 percent.

Daisy Franklin

Daisy Franklin is an adventuress, rabblerouser, and all-around snarky bon viveur. She worked in the music business for ten years and it made her absolutely miserable. Now she works as a freelance writer and is working on her first book, 'Live to Fail Another Day'.

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