Meta fell 6.98% on Oct. 22 and 0.96% on Oct. 23 to close at $642.62, even though third-quarter revenue rose 26% to $64.6 billion, above the $63.4 billion estimate. Its fourth-quarter guidance of $73 billion to $76 billion was also above consensus, but capital expenditures reached $34.9 billion and free cash flow was negative. GAAP operating income fell 37% to $13 billion because of a $9.9 billion charge tied to a multistate attorneys general agreement. Meta said its Muse AI agent, set up by more than 10 million people in the U.S. and Canada, could improve cost efficiency more than 10x within a year, and expects new AI businesses to contribute revenue from 2027. The article also notes a $25 billion New Mexico ruling that Meta plans to appeal, and a TIKR mid-case target of about $1,137 that it describes as a scenario, not a forecast.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.26 |
| Change that session | -1.02% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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