Meta Platforms (META) will report Q3 earnings on October 29, with expectations of $49.45B in revenue and EPS of 6.61. Analysts are bullish, with a Zacks Rank #2 and a track record of beating estimates by 20.47% in the past four quarters.

Investors are watching Meta’s massive AI investments, with a CAPEX of ~$70B this year expected to rise to $100B next year. Key drivers to watch include advertising revenue, CAPEX spend impact on free cash flow, and AI’s effect on user engagement, particularly with ‘Instagram Reels’.

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Read more at Nasdaq: Meta Q3 Earnings: Can Meta Justify Its Massive AI Bet?