Meta Platforms, Inc.: Mixed — EPS $3.83, Revenue $64.6B
Mixed ResultQ3 2026 · After-market
@trystockwhiz
Did Meta Platforms, Inc. (META) beat earnings today?
It was a mixed report for Q3 2026 — Meta Platforms, Inc. (META) beat on EPS but missed on revenue.
Earnings Per Share-29.85% surprise
$3.83Actual
Expected: $5.46
vs. year ago +265.0%
Total Revenue+1.88% surprise
$64.6BActual
Expected: $63.41B
vs. year ago +26.0%
Released Oct 21 · 4:01 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $64.60B | $51.24B | +26.0 |
| Revenue detail — reported lines | |||
| └─Advertising | $63.06B | $50.08B | +26.0 |
| └─Other revenue | $1.10B | $690.00M | +59.0 |
| └─Family of Apps | $64.16B | $50.77B | +26.4 |
| └─Reality Labs | $443.00M | $470.00M | -5.7 |
| Net income | $9.86B | $2.71B | +264.0 |
| GAAP Basic EPS | $3.86 | $1.08 | +257.4 |
| GAAP Diluted EPS | $3.83 | $1.05 | +265.0 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook |
|---|---|---|
| Total revenue | $73B-$76B | — |
| Total expenses | — | $175B-$179B |
| Reality Labs losses | — | $18B-$19B |
| Capital expenditures | — | $135B-$145B (prev. $130B-$145B) |
Business Highlights
- ➤Launched Muse and Muse Wonder, its first frontier model.
- ➤Family daily active people reached 3.64 billion on average in September 2026.
- ➤Ad impressions across the Family of Apps increased 10% year-over-year.
- ➤Average price per ad increased 14% year-over-year.
- ➤Approved a publicly listed, non-voting Class C common stock effective January 2027.
- ➤Declared a one-time Class C stock dividend for Class A and Class B holders.
- ➤Class C shares are intended to support capital raising, employee compensation, acquisitions, and corporate purposes.
- ➤Entered a Founder Alignment Agreement with Mark Zuckerberg covering Class C sales and service.
- ➤Intends to qualify Class C common stock for Nasdaq listing upon issuance.
- ➤Returned $1.36B through dividend and dividend equivalent payments.
Management Commentary
Mark Zuckerberg, Meta founder and CEO
“We hit major milestones this quarter toward delivering personal superintelligence for everyone - including launching Muse and Muse Wonder, our first frontier model.”
Mark Zuckerberg, Meta founder and CEO
“Our investments are paying off, the core business is strong, and we're seeing velocity across the board.”