Meta to report third-quarter earnings after the bell

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is slated to report third-quarter earnings on Wednesday after the bell and investors will be watching for any indication that it will increase spending on artificial intelligence.

Here’s what analysts polled by LSEG are expecting:

Meta has spent the year investing heavily in AI, and it conducted a massive overhaul of the organization leading those efforts after the lukewarm debut of its open-source Llama 4 software in April.

The social media company said last Wednesday that it would lay off about 600 workers in its Superintelligence Labs AI unit, but it left that group’s top-tier TBD Labs unscathed. A day before, Meta said it formed a joint venture agreement with Blue Owl Capital in a deal worth $27 billion to help fund and build a gigantic data center in Richland Parish, Louisiana.