Meta Platforms Inc. reported third-quarter net income of US$2.71 billion. Photo by JULIEN DE ROSA/AFP via Getty Images files

Meta Platforms Inc. said it expects total expenses to significantly increase in 2026, and will continue to invest at historic levels in artificial intelligence .

The company also reported third-quarter net income of US$2.71 billion, which included a one-time, non-cash income tax charge of US$15.9 billion due to the implementation of the tax bill signed into law in July, Meta said in the statement. Without the accounting charge, Meta said net income would have increased 19 per cent to US$18.6 billion.

Looking beyond the third-quarter, the company said it expects a “significant reduction” in U.S. federal cash tax payments for 2025 and years to come due to the n

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