Meta Platforms, Inc. (META)

The company now

Meta's third quarter of 2026 brought in $64.60 billion of revenue, 26 percent more than a year earlier, nearly all of it from ads 1. Ad impressions rose 10 percent and the average price per ad 14 percent 1. Operating income, the profit from running the business, still fell 37 percent to $12.99 billion 1.

The main reason was a $9.89 billion charge for the August 2026 agreement with 52 state attorneys general over teen mental health, which provides for payments of up to about $18.59 billion 1. Costs also rose for data centers, rented cloud capacity and AI computing bought from other firms 2. Net income still rose to $9.86 billion from $2.71 billion, because a tax law change had cut the year-earlier profit 12.

Spending on servers and data centers reached $34.91 billion in the quarter, more than the $32.79 billion of cash the business brought in 1. So free cash flow, the cash left after that spending, was negative $2.12 billion 1.

To pay for the building, Meta raised its sale of Class A stock through forward sales to $25.0 billion and offered about $12.5 billion of preferred stock that converts into common stock 54. It also plans an at-the-market program of about $60 billion that would sell new non-voting Class C shares 4. The information statement warns that Class C stock will likely carry some discount to Class A, so more shares may be needed to raise the same money 12.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.