Meta Platforms Q3 2025 Preview: AI and Advertising Investments Under Scrutiny

Meta Platforms is set to report Q3 2025 results on October 29. Analysts expect EPS of $6.72 and revenue of $49.5 billion. The company's growing investments in AI and advertising are expected to pay off, with total revenue growing 22% YoY to $47.52 billion in Q2 and advertising revenue rising 21% YoY to $46.6 billion. Spending is also expected to increase, with CapEx guided to $66-$72 billion for the full year and potentially rising further in 2026. Markets will watch for confirmation that user engagement on Facebook, Instagram, and Reels remains strong amid competition.