Meta’s Q3 Pummeled By $16 Billion, One-Time Tax Charge

Exciting news for fans of the supernatural! A new spinoff series from the creators of 'Talk to Me' is on the way, thanks to a collaboration between Meta and XRTV. This series will feature six half-hour episodes that follow a group of young travelers on a quest for the ultimate party on a European island. However, their adventure takes a thrilling turn when they encounter the Hand, a mysterious supernatural element. This project not only expands the 'Talk to Me' universe but also showcases innovative storytelling in the realm of virtual reality, making it a significant development in entertainment.

Comcast's Epic Universe theme park has made a significant impact in its first full quarter of operation, contributing to a 19% year-over-year increase in parks revenue, reaching $2.7 billion. With EBITDA rising by 13% to $958 million, executives are optimistic about continued growth. This is important as it highlights the recovery and expansion of the theme park industry, showcasing Comcast's strategic investments and the potential for further gains in the coming months.

Meta's third-quarter earnings report revealed a remarkable 26% increase in revenue, reaching $51.2 billion, a new record for the company. However, this achievement was overshadowed by a staggering nearly $16 billion tax charge linked to President Trump's One Big Beautiful Bill Act. This tax burden significantly impacted Meta's overall financial performance, raising concerns about the implications of such legislation on major corporations and their ability to thrive in a challenging economic landscape.

YouTube has achieved a remarkable milestone by surpassing $10 billion in ad revenue for the first time in a single quarter, contributing significantly to Alphabet's overall success. This impressive performance not only exceeded Wall Street's expectations but also marked a historic moment for the company, as it crossed the $100 billion revenue threshold in a quarter. This growth reflects the increasing importance of digital advertising and YouTube's pivotal role in Alphabet's financial health.

YouTube has reported a remarkable 15% increase in ad sales for the third quarter of 2025, reaching over $10.2 billion. This growth not only surpasses analyst expectations but also highlights YouTube's strength as a leading advertising platform. The success of YouTube contributes significantly to its parent company, Alphabet, which has achieved its first quarter with over $100 billion in revenue. This news is important as it underscores the resilience and profitability of digital advertising, especially in a competitive market.

Ryan Coogler's horror film 'Sinners' is making a return to theaters just in time for Halloween, and there's buzz about its potential Oscar candidacy. Starring two Michael B. Jordans, the film has captivated audiences since its April release. The limited engagement raises questions about Warner Bros.' intentions, but fans are excited to see it back on the big screen. This re-release not only highlights the film's success but also taps into the Halloween spirit, making it a must-watch for horror enthusiasts.

Ben Winston, known for his work on The Late Late Show With James Corden, has been chosen to produce the opening and closing ceremonies for the 2028 Summer Olympics and Paralympics in Los Angeles. This is exciting news as Winston has a proven track record, having previously been involved in the acclaimed Paris-to-LA Olympic Handover. His involvement promises to bring a fresh and engaging perspective to the ceremonies, which are crucial for showcasing the spirit of the Games and the host city.

Hulu's Onyx Collective is making waves by ordering a pilot for the adaptation of the popular graphic novels 'Southern Bastards.' This project brings together a talented team, including writer Bill Dubuque and director Nia DaCosta, who are set to deliver a fresh take on the original comics created by Jason Aaron and Jason Latour. This adaptation is significant as it highlights Hulu's commitment to diversifying its content and tapping into the rich storytelling of graphic novels, which could attract a wider audience.

Hulu is making waves by ordering a pilot for 'Southern Bastards,' a drama inspired by the acclaimed graphic novel series. With talented writers Bill Dubuque and Nia DaCosta at the helm, this project promises to bring a gripping narrative to life. This is significant not just for fans of the graphic novels but also for the streaming landscape, as it showcases Hulu's commitment to diverse storytelling and high-quality adaptations.

Neal H. Moritz, a prominent figure in film and television production, has renewed his overall deal with Sony Pictures Television, where he has been since 2015. This multi-year agreement not only solidifies Moritz's ongoing collaboration with Sony but also highlights the company's commitment to producing quality content. With Pavun Shetty stepping in as Partner and President of Television, this partnership is set to bring exciting new projects to audiences, reinforcing the importance of strong alliances in the entertainment industry.

Casey Means has been nominated by President Donald Trump to serve as Surgeon General, a significant role in public health leadership. Her nomination is noteworthy as it reflects the administration's focus on health issues and the importance of having qualified individuals in key positions. Understanding her background and qualifications can provide insights into the future direction of health policies.