Philip Morris International reported Q3 EPS of $2.10 (+10% YoY) on revenue of $9.7 billion (+7%). Growth was driven by the rapid expansion of IQOS heat-not-burn products across Asia and Eastern Europe. Operating income rose 12% while free cash flow improved to $3.2 billion. The company maintained its 2025 EPS guidance of $6.50–$6.58 and announced a share repurchase program worth $2 billion.