Meta Q3: revenue $64.61B up 26%, 2026 capex raised to $135-145B
RihardJarc · x · 2026-10-22
Key takeaways from Meta's earnings:
- Revenue of $64.61B, up 26% YoY
- Family daily active people at 3.64B, +3% YoY
- 2026 capex range raised to $135-145B (from $130-145B)
- Q4 guidance of 22-27% YoY growth
- Reality Labs losses expected to narrow to the $18-19B range
- Establishing a new class of C common shares
The author argues Meta should drastically cut Reality Labs — the segment is still burning nearly $20B a year while the company pours money into AI.
Related event: Meta Q3 Revenue Beats at $64.6B, Raises Capex Outlook(4 posts)→
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