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Meta's Q3 shows an advertising engine still expanding: impressions rose 10% while average ad prices climbed 14%, helping push revenue to $64.601B. That points to growth from both reach and monetization.
The harder question is capital discipline. Q3 free cash flow was negative $2.12B alongside $34.91B in capex, so the $135B-$145B annual plan raises the bar for AI returns.
#MetaQ3RevenueBeat
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