Goldman Sachs comments on Meta (META.US) Q3 earnings: AI continues to empower core business, maintains "Buy" rating.

Zhitong Finance APP has learned that Goldman Sachs released preliminary commentary after Meta Platforms (META.US) released its fiscal 2026 third-quarter earnings report, stating that it expects the market's initial reaction to the report to be positive, because the company's revenue not only exceeded expectations but also surpassed the high end of the company's guidance range, with advertising revenue growing 26% year-over-year. However, GAAP profitability was significantly weighed down by a one-time accrual of $9.9 billion. The accrual is related to an agreement between Meta and the attorneys general of multiple U.S. states to resolve litigation related to adolescent mental health and social media. Goldman Sachs noted that excluding this expense, the company's profitability level exceeded the consensus expectations of Goldman Sachs and Visible Alpha.