Meta Revenue Rises 26% as Costs Climb 68% and Operating Income Falls

Meta Platforms’ revenue increased 26% from a year earlier to $64.601 billion for the quarter ended Sept. 30, while operating income declined 37% to $12.988 billion.

Costs and expenses reached $51.613 billion, up 68% year over year.

“Our investments are paying off, the core business is strong, and we're seeing velocity across the board,” Meta founder and CEO Mark Zuckerberg said.