Meta posts Q3 2026 earnings, launches new non‑voting Class C stock
+10 new sources since this summary was written
Meta Platforms reported third‑quarter 2026 results on Oct. 21, 2026. Revenue rose 26% year‑over‑year to $64.60 billion and diluted EPS was $3.83, which would have been $7.40 excluding a $9.89 billion litigation charge. The company announced the creation of a publicly listed, non‑voting Class C common stock effective January 2027 and guided Q4 revenue to $73‑76 billion while narrowing full‑year capital‑expenditure guidance to $135‑145 billion.
Why it matters
The earnings beat and guidance suggest continued revenue momentum, but the large litigation charge reduces near‑term profitability. The new Class C share class could provide Meta with additional capital‑raising flexibility and a tool for employee compensation, potentially affecting shareholder dilution.
Key facts
- 1Revenue was $64.60 billion, up 26% year‑over‑year on both a reported and constant‑currency basis. prnewswire.com
- 2Diluted EPS was $3.83; excluding the $9.89 billion litigation charge, EPS would have been $7.40. prnewswire.com
- 3Family daily active people (DAP) averaged 3.64 billion in September 2026, a 3% year‑over‑year increase. prnewswire.com
- 4Capital expenditures, including finance‑lease principal payments, were $34.91 billion for the quarter. prnewswire.com
- 5Meta expects Q4 2026 total revenue in the range $73‑76 billion. prnewswire.com
- 6The Board approved a new non‑voting Class C common stock, effective January 2027. prnewswire.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.