Meta's third-quarter revenue rose 26% to $64.60 billion, beating the $63.34 billion analysts expected, but the stock was down 6.33% at 11:17 a.m. ET after an early after-hours jump. Reported EPS of $3.83 reflected a $9.89 billion charge tied to an agreement with state attorneys general over teen mental health; excluding it, EPS was $7.40. Meta plans nonvoting Class C shares from January 2027 to raise AI funding while preserving Mark Zuckerberg's voting control, and now expects capex of $135–145 billion this year. Free cash flow turned negative at $2.12 billion, versus positive $10.63 billion a year earlier.
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METAearningsAI investmentMark Zuckerberg
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/21/2026 | 698.43 |
| Change that session | +0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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