Meta Q3 2026: new non-voting Class C stock to fund its AI build-out, 2026 capex floor raised to $135B, Muse passes 10M users
Confirmed
The takeaway
Meta reported Q3 2026 revenue of $64.6B (+26%) on Oct 21 and created a publicly listed non-voting Class C stock, effective January 2027, that it can use to raise capital, pay staff and buy companies while keeping Zuckerberg’s voting control.
Status
- Claim
Confirmed
- Our reporting
- High confidence
- Importance
- 3 of 5
- Last verified
- 22 October 2026
Your AI and this story
- GPT-6 Astra174 days after its cutoff
- Claude Opus 5.5113 days after its cutoff
- Gemini 4 Argon204 days after its cutoff
- Grok 4.7143 days after its cutoff
None of these four assistants can know about it. The closest, Claude Opus 5.5, stops 113 days before it.
Key facts
- Q3 2026 (8-K): revenue $64,601M (+26%); operating income $12,988M (−37%, margin 20%) after a $9.89B charge for the August settlement with 52 attorneys general over teen mental health; net income $9,860M
- Capex: $34.91B in Q3; 2026 outlook $135–145B (was $130–145B); total expenses $175–179B
- Class C: new non-voting, publicly listed class; amended charter effective Jan 19, 2027; one Class C share dividend per Class A/B share (two-for-one split effect); voting power unchanged
- Headcount 66,775 on Sept 30, down 15% year on year
- Zuckerberg (release): milestones ‘toward delivering personal superintelligence for everyone’, including ‘launching Muse and Muse Wonder, our first frontier model’
- Muse (TechCrunch, earnings call): 10M+ users; about 25% of those who set it up use it daily; shopping a top activity; Meta expects to improve its cost efficiency ‘by more than 10x in the next year’; free for most users, Meta to take a cut of commerce
What happened
Meta’s third-quarter release paired strong ad revenue with a new financing tool: a non-voting share class that lets it issue stock for the AI build-out without diluting Mark Zuckerberg’s control. Capex guidance kept its $145B ceiling and raised the floor.
Why it matters
Hyperscaler AI spending is now large enough that Meta is restructuring its equity to pay for it. Muse’s 10M users make it the largest consumer personal agent disclosed so far, a day after a data-exposure incident around Muse share links.
Sources
2 sources from 2 sites. Numbers match the chips in the text.
2 sources: 1 primary, 1 press
Primary
- Meta Q3 2026 results (8-K exhibit 99.1)sec.gov, official
Press
- TechCrunch: Meta says Muse has over 10M users, with shopping a top activitytechcrunch.com, press
Changes
- Filed (Techmeme)