📱 $META Street Takeaways - Meta Platforms Q3 Earnings ($680.20 -$17.32) Overview: • Shares (2.5%). Revenue +26.1% y/y beat by 2.0%. EPS ex-items also ahead by 13.1%/$0.86. OM ex-legal charge 340bps above consensus. CapEx $33.94B vs SA $40.95B. Free cash flow $2.12B vs SA ($9.22B). • Daily active people +3% y/y missed by (0.3%). ARPP 2.3% above. • Q4 revenue guided above at the mid. FY CapEx range narrowed toward high end of prior range. • Intends to file a restated certificate of incorporation in Delaware to establish Class C common stock, effective date of 19-Jan-27. • Analysts were positive on the results and outlook. While compute remains something of a limiting factor in Muse development, solid trends for the product were highlighted as >10M have deployed in the US and Canada with retention materially better than that seen in Threads rollout. Furthermore, shopping the primary use case viewed as positive indicator of future capacity for monetization. Significant runway seen remaining in core ads with FOA revenue +26% y/y in Q3 on 10% growth in impressions and 14% in average price per ad. Record engagement for Facebook and Instagram pointed to while MAUs for other apps are also solid. New class of shares seen enabling capital raises without diluting Mr. Zuckergberg. $META #META# #Earnings# #MetaPlatforms# #Tech# #Facebook# #instagram# #Muse# #Threads# #Ai# #SocialMedia# #EPS# #Zuckerberg# #FinTwit# #CapEx# Gain immediate access to earnings insights with #StreetAccount#: