$Meta Platforms(META.US)

META Q3 2026 EARNINGS:

- Revenue $64.6B +26% YoY

- Advertising Revenue $63.1B +26% YoY

- GAAP Net Income $9.86B +264% YoY

- Daily Active People 3.64B +3% YoY

- Ad Impressions +10% YoY

- Average Price Per Ad +14% YoY

- Operating Cash Flow $32.8B

- FY26 CapEx Guidance $135B-$145B

Meta announced plans for an effective 2-for-1 stock split in January 2027. Rather than simply doubling existing shares, Meta will issue one new publicly traded, non-voting Class C share for every existing Class A or Class B share. This means shareholders will receive an additional share without changing their voting power.

This also means Meta will likely do an equity raise, but if they can continue putting up numbers like this, the street will have to digest it.

Mark Zuckerberg:

"We hit major milestones this quarter toward delivering personal superintelligence for everyone - including launching Muse and Muse Wonder, our first frontier model. Our investments are paying off, the core business is strong, and we're seeing velocity across the board."

Source: amit