A $9.89 billion teen-safety charge left Meta with $12.988 billion in third-quarter operating income, versus $22.88 billion the company said it would have reported without the expense.
Quarterly costs and expenses totaled $51.613 billion, including the charge. Meta also reported $9.86 billion in net income, a separate measure from operating income.
Meta connected the expense to an agreement reached in August with 52 attorneys general, in lawsuits concerning social media and young people’s mental health. The company’s earlier coverage of the agreement reported that the charge was recorded in the third-quarter results.
Meta said payments tied to the agreement are scheduled over 10 years.
