Meta reported third-quarter revenue of $64.60 billion, up 26% from a year earlier and above the $63.4 billion analyst forecast, and the shares rose after hours. Net income was $9.86 billion ($3.83 per diluted share), but it included a $9.89 billion charge to settle litigation with 52 U.S. state attorneys general over teen mental health; excluding that charge, diluted EPS would have been $7.40. Meta narrowed and raised the low end of its 2026 capex guidance to $135–145 billion from a previous $130 billion baseline, and projects fourth-quarter revenue of $73–76 billion. Its board approved a non-voting Class C stock effective January 2027, with a one-time stock dividend of one Class C share per Class A or B share, effectively a 2-for-1 split. Daily active people across its apps reached 3.64 billion, up 3%, and the Muse AI app surpassed 10.9 million downloads within 40 days.
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Keywords
METAartificial intelligenceearningsQQQ
Open a keyword to see other news on the same topic.
Related tickers and likely impact
META
▲ Likely positiveMeta 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% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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