[Meta Revenue Hits Record High, Profit Plummets Due to One-Time Tax Expense] According to a report by Jinse Finance, Meta Platforms (META.O) announced its third-quarter earnings on Wednesday, with revenue reaching a record high. However, the company warned that future capital expenditures would continue to rise, causing its stock price to drop by about 8% in after-hours trading. The company reported third-quarter revenue of $51.2 billion, a year-over-year increase of 26%, but net profit was $2.7 billion, far below analysts' expectations. The company attributed the sharp decline in net profit to a one-time tax expense of $15.93 billion related to the implementation of Trump's 'Big Beautiful Act.' Meta expects fourth-quarter revenue to be between $56 billion and $59 billion, roughly in line with market expectations. The company also stated that total spending growth in 2026 is expected to significantly outpace that of 2025, mainly due to rising infrastructure costs, including increased cloud computing expenses and higher depreciation costs. Meta also raised its 2025 capital expenditure forecast, expecting spending to be between $70 billion and $72 billion, up from the previous estimate range of $66 billion to $72 billion.