Meta recorded a nearly $16 billion one-time charge in the third quarter related to U.S. President Donald Trump’s Big Beautiful Bill, and said its capital expenditure next year would be “notably larger” than in 2025.

Shares of the company fell around 6% after the bell.

Excluding the charge, Meta said its third-quarter net income would have increased by $15.93 billion to $18.64 billion, compared to the reported net income of $2.71 billion.

The social media company now expects capital expenditure to be between $70 billion and $72 billion, compared with its prior forecast of $66 billion to $72 billion.

Meta continues to benefit from its massive user base. The company’s powerful AI-optimized ad platform helps marketers automate campaigns, improve the quality of video ads, translate ads, and

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