$META +3% AH. >Revenue $64.6B beat (guide was $61-64B) >FY capex floor raised: $135-145B vs $130-145B, midpoint $140B. >Q4 math: YTD capex (incl. finance leases) is $85.8B >Raised capex guidance implies $49-59Bin Q4, ~$54B at midpoint, +55% q/q. "Our AI investments are already delivering substantial incremental advertising revenue through stronger engagement, better recommendations, and more efficient monetization."
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