EQUIPThe Verge · 1d ago
Meta says it would’ve made over $22 billion if it didn’t have to pay a child safety settlement
Executive Brief
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Meta's third-quarter earnings report reveals a $9.89 billion expenditure linked to a multi-state child safety settlement. Despite this significant legal outlay, the company reported adjusted income from operations would have exceeded $22 billion.
- 01Meta allocated 9.89 billion dollars to cover a portion of its US child safety legal settlement
- 02Operating income would have reached 22.89 billion dollars without the impact of settlement payments
- 03The total settlement agreement reached with US attorneys general in August amounts to 17.1 billion dollars
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Meta had to shell out $9.89 billion to pay for a chunk of the child safety settlement it reached with US attorneys general. That's according to the company's third-quarter earnings report released on Wednesday, which says Meta's income from operations would have been $22.89 billion without the settlement. In August, Meta agreed to pay $17.1 […]