Meta Q3 results: Net income jumps 264% to $9.86 bn, but legal charge limit profits

Meta Platforms' net income more than tripled in the third quarter of 2026, rising 264 per cent year-on-year to $9.86 billion, as higher advertising revenue boosted its financial performance. However, a $9.89 billion legal charge pushed operating income down 37 per cent despite a 26 per cent increase in overall revenue.The company's revenue reached $64.60 billion in the quarter ended September 30, compared with $51.24 billion in the same period last year. Net income stood at $2.71 billion a year earlier, while diluted earnings per share rose to $3.83 from $1.05.Advertising remained the biggest contributor to Meta's revenue, bringing in $63.06 billion, up 26 per cent from a year ago.