SAN FRANCISCO, Oct 22 (Bernama-Xinhua) -- US technology giant Meta Platforms reported a 26 per cent year-on-year increase in third-quarter revenue on Wednesday, while operating profit fell 37 per cent largely due to a multi-billion-dollar charge related to a legal settlement over teen mental health and social media.
World : Meta's Q3 Revenue Rises 26 Pct, Operating Profit Falls 37 Pct Amid Legal Costs
meta platforms, third quarter, revenue, operating
BE Bernama 
Key takeaways
Meta's Q3 revenue rose 26% to $64.6B, but operating profit fell 37% due to legal costs.
- Meta's revenue increased to $64.6B, exceeding analyst estimates.
- Operating profit dropped 37% to $12.99B due to a $9.89B legal charge.
- Advertising revenue rose to $63.06B, driven by increased daily active users.
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- Bernama World : Meta's Q3 Revenue Rises 26 Pct, Operating Profit Falls 37 Pct Amid Legal Costs (this story)
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