Meta Reports Q3 2026 Revenue Growth Amid Legal Settlement and Massive AI Infrastructure Investment

Meta Platforms reported strong third-quarter results for 2026, with revenue rising 26% year-over-year to $64.6 billion. This growth was primarily driven by a 26% increase in Family of Apps ad revenue and improved ad pricing. Despite the top-line strength, GAAP diluted EPS was impacted by a significant $9.89 billion charge related to a multistate attorneys general settlement. The company is aggressively pivoting toward artificial intelligence, evidenced by $34.9 billion in quarterly capital expenditures for servers and data centers. While this investment led to negative free cash flow of $2.1 billion, Meta reported rapid adoption of its Muse AI platform and significant engagement gains on Threads. Looking ahead, the company provided Q4 revenue guidance between $73 billion and $76 billion.

16 articles from 4 sources · updated

Coverage