Update: Meta Platforms Q3 Earnings, Revenue Rise; Q4 Guidance Set

04:11 PM EDT, 10/21/2026 (MT Newswires) -- (Updates with capital expenditure guidance in the sixth and seventh paragraphs and details on new Class C stock in the last paragraph.) Meta Platforms (META) reported Q3 earnings late Wednesday of $3.83 per diluted share, up from $1.05 a year earlier. Analysts polled by FactSet expected $6.54. Revenue for the three months ended Sept. 30 was $64.60 billion, up from $51.24 billion a year earlier. Analysts expected $63.34 billion. The company expects Q4 revenue of $73 billion to $76 billion. Analysts expect $73.65 billion. The company raised its 2026 total expense forecast to $175 billion to $179 billion to incorporate a $9.9 billion charge related to legal proceedings recognized in Q3. It expects 2026 capital expenditures of $135 billion to $145 billion, compared with $130 billion to $145 billion earlier. Also, the company said its board approved the establishment of a new class of publicly listed, non-voting Class C common stock, effective date in January 2027.