Meta Platforms 2025 Third Quarter 10-Q Report

The provided text consists of excerpts from the Form 10-Q Quarterly Report for Meta Platforms, Inc., filed with the Securities and Exchange Commission for the period ended September 30, 2025. This official document provides a detailed financial overview for the company, including the condensed consolidated statements of income which show revenue of $51.242 billion for the quarter, along with discussions of capital return programs like share repurchases and dividends. Crucially, the filing dedicates substantial sections to outlining significant legal and regulatory risks, covering numerous antitrust, privacy, and securities lawsuits, particularly in relation to data practices, the FTC consent order, and the impact of new legislation like the One Big Beautiful Bill Act (OBBBA) which resulted in a massive income tax provision increase. Finally, the report discusses market risks and the company’s dual-class stock structure, which concentrates voting control with CEO Mark Zuckerberg.

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