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- October 22, 202619°
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- October 22, 202619°
Meta's third-quarter revenue rises to $64.6 billion
Meta increased its revenue by 26% in the July–September period of 2026 compared with the same quarter last year, reaching $64.6 billion. The company's net income rose 264%, while its fourth-quarter revenue forecast was announced at $73–76 billion.
Meta's revenue in the July–September period of 2026 increased 26% compared with the third quarter of last year, reaching $64.6 billion. The company's revenue and profit results exceeded market expectations.
Meta reported revenue of $51.2 billion in the same period last year.
Net income rises to $9.9 billion
The company's third-quarter net income also increased 264% year over year to $9.9 billion. Meta's net income in the third quarter of last year was recorded at $2.7 billion.
Earnings per share rose from $1.05 to $3.83. Excluding costs and expenses related to lawsuits concerning young people's mental health, operating income was stated to be $22.88 billion, while earnings per share would have been $7.40.
Meta expects $73–76 billion in fourth-quarter revenue
The company's revenue forecast for the fourth quarter is between $73 billion and $76 billion.
Mental health lawsuit costs reach $9.89 billion
Meta recalled that it reached an agreement with the attorneys general of 52 states in August to resolve lawsuits linked to young people's mental health and platform addiction. The agreement provides for payments of up to approximately $18.59 billion.
The company recorded $9.89 billion in costs and expenses in the third quarter related to the agreement.
Board approves creation of new share class
Meta's board of directors approved the creation of a new Class C common stock, which will take effect in January 2027. The shares, which will be traded on the stock exchange, will carry no voting rights.
Meta founder and Chief Executive Officer Mark Zuckerberg said the company had reached important milestones toward its goal of personal superintelligence. Zuckerberg cited the launch of the company's first advanced models, Muse and Muse Wonder, among these developments, adding that investments were beginning to deliver results and that the core business continued to perform strongly.
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