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Meta Platforms reports Q3 2026 revenue of $64.6 billion and operating income of $12.99 billion after a $9.89 billion legal charge. The company launches Muse AI models and approves a new Class C common stock effective January 19, 2027, with a two-for-one split. CFOs forecast 2026 expenses between $175-179 billion and Reality Labs losses narrowing to $15 billion next year.
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Summary by ByteBrief

Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)

Meta Announces VR Glasses for Spring 2027

Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg)