Meta Platforms Inc.

"Our lease agreements with the Venture, which cover the right to use properties on the data center campus, will commence in 2029 and have an aggregate initial lease commitment of approximately $12.31 billion."

"As of June 30, 2026, we had $349.31 billion of non-cancelable contractual commitments, comprising both short-term and long-term arrangements. These commitments mostly relate to third-party cloud capacity arrangements and investments in servers and network infrastructure."

"We have accrued significant amounts for loss contingencies related to these inquiries and investigations in Europe, and we believe there is a reasonable possibility that additional accruals for losses related to these matters could be material individually or in the aggregate."

"Our lease agreements with the Venture, which cover the right to use properties on the data center campus, will commence in 2029 and have an aggregate initial lease commitment of approximately $12.31 billion."

"We have contingent obligations to purchase up to $14.72 billion of cloud capacity over a five-year period."

"In April 2026, we entered into additional multi-year infrastructure contracts, related to which our non-cancelable contractual commitments increased by approximately $24 billion."

"Our investments in Reality Labs reduced our 2025 overall operating profit by approximately $19.19 billion, and we expect our 2026 Reality Labs operating losses to remain similar to 2025."

"We believe that some users, particularly younger users, are aware of and actively engaging with other products and services similar to, or as a substitute for, our products and services, and we believe that some users have reduced their use of and engagement with our products and services in favor of these other products and services."

"The maximum aggregate monetary damages or penalties sought across our various legal proceedings could amount to an aggregate of up to hundreds of billions of dollars and, as a result, could be material to the financial condition of the company."

"In October 2025, we entered into multi-year third-party cloud capacity arrangements for an aggregate amount of approximately $40 billion."

"We extended the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025...resulted in a reduction in depreciation expense of $2.29 billion and an increase in net income of $1.96 billion, or $0.76 per diluted share, for the nine months ended September 30, 2025."

"Based on feedback from the European Commission in connection with the DMA...further fines or modifications to our model may be imposed during the appeal process, which could result in a materially worse user experience for European users and a significant impact to our European business and revenue as early as later in the fourth quarter of 2025."

"In June 2025, we completed an investment in Scale AI by acquiring a non-voting minority of its outstanding equity...Our non-marketable equity investments are in privately-held companies without readily determinable fair values."

"We extended the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025. Based on the servers and network assets placed in service as of December 31, 2024, the financial impact of this change in estimate included a reduction in depreciation expense of $1.58 billion."

"We cannot rule out that further fines or modifications to our model may be imposed during the appeal process, which could result in a materially worse user experience for European users and a significant impact to our European business and revenue as early as later in the third quarter of 2025."

"Based on feedback from the European Commission in connection with the DMA, we expect we will need to make some modifications to our model, which could result in a materially worse user experience for European users and a significant impact to our European business and revenue as early as the third quarter of 2025."

"In January 2025, we completed an assessment of the useful lives of property and equipment, which resulted in an increase in the estimated useful lives of most servers and network assets to 5.5 years, effective January 1, 2025...an increase in net income of $695 million, or $0.27 per diluted share, for the three months ended March 31, 2025."

"We have accrued significant amounts for loss contingencies related to these inquiries and investigations in Europe, and we believe there is a reasonable possibility that additional accruals for losses related to these matters could be material individually or in the aggregate."

"We have accrued significant amounts for loss contingencies related to these inquiries and investigations in Europe, and we believe there is a reasonable possibility that additional accruals for losses related to these matters could be material individually or in the aggregate."

"We operate in a very competitive and rapidly changing environment. New risks emerge from time to time."

"The ultimate outcome of the legal and related matters described in this section...is inherently uncertain."

"Our estimated annual effective tax rate is subject to significant volatility due to several factors, including our ability to accurately predict the proportion of our income before provision for income taxes in multiple jurisdictions"

"We believe there is a reasonable possibility that we may incur a loss in some of these matters and the ultimate outcome is inherently uncertain"

"We have accrued significant amounts for loss contingencies related to these inquiries and investigations in Europe, and we believe there is a reasonable possibility that additional accruals for losses related to these matters could be material individually or in the aggregate"