Meta posts record $64 billion in revenue and announces a stock split
The Facebook parent beat third-quarter expectations and narrowed its capital spending plans to $135 billion to $145 billion. The shares rose in after-hours trading.
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Meta Platforms reported record third-quarter 2026 revenue of $64 billion. Analysts had expected $63.3 billion, according to Yahoo Finance, compared with $51.2 billion a year earlier. Earnings per share were $3.83, above expectations of $3.56.
Results were weighed down by a legal charge related to a settlement over teen mental health claims; excluding the charge, earnings per share would have been $7.40. Meta narrowed its full-year capital expenditure guidance to $135 billion to $145 billion from a previous range of $130 billion to $145 billion.
Meta also announced a 2-for-1 stock split, under which holders of Class A shares receive one non-voting Class C share each. According to Yahoo Finance, the move lets Chief Executive Mark Zuckerberg keep control while the company funds its AI infrastructure build-out. The stock closed at $697.52 on Wednesday and rose about 5% to $733.07 after hours.