Meta reports third-quarter revenue beat and issues strong guidance
Follow Meta's Q3 2026 earnings live, including revenue, EPS, AI spending, advertising growth, guidance and META stock reaction.
TL;DR
- Meta reported third-quarter revenue of $64.60 billion, surpassing expectations, with a 26% year-over-year increase.
- The company issued strong fourth-quarter revenue guidance of $73 billion to $76 billion.
- Meta's CEO Mark Zuckerberg highlighted milestones in AI development, including the launch of Muse and Muse Wonder frontier models.
- The Reality Labs division, focused on VR and AI devices, incurred a $4.13 billion loss in the third quarter on $443 million in sales.
- Meta announced a plan to create a new class of non-voting common stock, effectively a two-for-one stock split, effective January 2027.
- The company is adjusting its full-year data center capital expenditures to be between $135 billion and $145 billion.
- Meta is exploring subscription models for its AI agents, offering plans for power users and developers.
- A $25 billion penalty was imposed on Meta by a New Mexico court over a state data privacy case stemming from 2018 revelations.
- Meta is facing ongoing legal challenges related to child mental health harms allegedly caused by its platforms, including a recent $17 billion settlement with state attorneys general.