EL7.AI
StocksMediumUpdated×9•Originally published 21 October 2026•Updated 21 October 2026•
1 min read

Meta hits record $64.6 billion Q3 revenue and announces stock split

Key Facts

1Analysts expect Meta's third-quarter revenue to grow 23.8% to $63.42 billion, according to Reuters via Investing.com.
2London Stock Exchange Group data point to an expected decline in net income of about 17% to $15.44 billion.
3Analysts estimated quarterly capital expenditure at $41.68 billion, according to Visible Alpha data cited by Reuters.
4Analysts expect a cash burn of $8.52 billion in the third quarter, according to Reuters.

Meta achieved record revenue of $64.6 billion for the third quarter of 2026, surpassing the upper bound of management's previous guidance of $64 billion. These results exceeded average analyst expectations as the company simultaneously announced a stock split to create new Class C shares.

Capital expenditure for the period reached $34.91 billion, nearly doubling compared to a year ago and marking an increase from the $31.08 billion spent in the second quarter. The company noted that earnings were impacted by costs from a legal settlement involving teenage users, while Meta shares were trading at $696.74 on October 19, 2026.

Latest Updates · 2

  1. Notable·

    Update: Meta approved the creation of a new class of nonvoting shares alongside its third-quarter earnings beat. The corporate governance update was confirmed on October 21, 2026, as part of the company's latest financial reporting cycle.

  2. Notable·

    Update: Meta announced plans to issue a new class of shares as it further tightens its AI spending forecast. The move comes as the company seeks to manage its capital structure alongside its ongoing large-scale investments in technical infrastructure.