Meta creates non-voting shares to fund AI, narrows 2026 capex
Meta announces a new non-voting Class C stock to help finance growth and narrows its 2026 capital expenditure outlook to $135-145 billion.
By GennnAi··1 min read
Third-quarter revenue reached $64.6 billion, up 26%. Capital expenditure totalled $34.91 billion and free cash flow was negative $2.12 billion. A $9.89 billion charge tied to an agreement with 52 attorneys general cut operating income to $12.99 billion. Meta expects fourth-quarter revenue of $73-76 billion and says it will keep investing aggressively in AI. It also launched Muse and Muse Wonder, its first frontier model.
Source: Meta, published on October 21, 2026.