Six Quick Takeaways From Meta's Q3 Earnings -- WSJ

By Will Flannigan

Meta Platforms reported its third-quarter results yesterday after the bell. The biggest news? Mark Zuckerberg's tech company reported record revenue AND announced a 2-for-1 stock split.

Here are some takeaways:

-- Revenue: $64.6 billion (up 26% increase on year)

-- Net income: $9.8 billion (below forecasts of $17.2 billion)

-- Legal charges: $9.9 billion, related to the company's settlement of social-media harm lawsuits.

-- Capex: Full-year 2026 capex range was narrowed to $135 billion to $145 billion.

-- Stock split: New nonvoting shares will be issued as a dividend to holders of common and supervoting shares.

-- Stock reaction: Shares initially rose around 4% in after-hours trading but are down premarket amid a broader selloff.

Get a deeper look at the Facebook parent's earnings report here.

In Zuck news, California's proposed billionaire tax had the Facebook founder mulling over a move. Provisions in the 2-for-1 stock split are designed to keep him in the state.

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(END) Dow Jones Newswires

October 22, 2026 08:40 ET (12:40 GMT)