Paid Media News by Eric Mandell

Meta books $25 billion reserve for New Mexico penalty in quarterly earnings

By Paid Media NewsReported by Paid Media News
35
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TLDR

Meta disclosed a $25 billion reserve for a New Mexico penalty in its Q3 earnings filing.

Per PPC Land, Meta's October 21 quarterly earnings release included a reserve booking of $25 billion for a New Mexico penalty. The filing also noted strong online commerce-driven ad growth and $454.52 billion in AI commitments, though details on specific costs and court dates were not fully disclosed in the earnings announcement.

Topics:Paid Search & Advertising
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