Meta reported Q3 2026 financial results. Revenue rose 26% year-over-year to $64.60 billion. Costs and expenses grew 68% due to a $9.89 billion litigation charge. Net income jumped 264% to $9.86 billion. Daily active people across its apps reached 3.64 billion. Meta launched Muse and Muse Wonder, its first frontier models. It announced a new Class C common stock effective January 2027. The stock will be non-voting and used for capital raising and compensation. The board cited long-term growth and founder leadership as reasons. Meta expects Q4 revenue between $73-76 billion. It raised its 2026 expense outlook to $175-179 billion. Reality Labs losses are projected to narrow to $18-19 billion.
What changed
No prior frontier model launches or Class C stock existed.
What it unlocks
Issuing non-voting Class C stock for capital raising and employee compensation.
- $64.60B revenue, +26% YoY
- $9.89B litigation charge
- 3.64B daily active people, +3% YoY
- $73-76B Q4 2026 revenue outlook
Sources