# Meta posts Q3 revenue beat and strong guidance: Live updates

> **Open Intelligence Dossier** · First detected: 2026-10-21 21:00 UTC · Category: Business

## Executive Summary
Meta beats Q3 revenue expectations, unveils Class C stock split while a teen lawsuit settlement dents earnings.

## Intelligence Brief
The company disclosed that earnings were reduced by a settlement related to a lawsuit involving teenagers, and it simultaneously unveiled a stock split that will create a new class of non‑voting Class C shares. Coverage from Deadline emphasized the dual narrative of a revenue beat and the financial hit from the teen‑lawsuit settlement, also noting the mechanics of the stock split that will generate Class C shares. PR Newswire supplied the official corporate statement, serving as the primary source for the numerical disclosures and the formal guidance. The revenue beat arrives as Meta continues to navigate a broader market environment where digital‑advertising firms face pricing pressure, making any upside noteworthy.


The introduction of Class C shares follows a pattern of technology companies using dual‑class structures to separate voting control from economic ownership, a shift that can affect shareholder dynamics and voting power. The settlement of the teen lawsuit, while not quantified in the headlines, indicates ongoing legal exposure that can influence net income. A narrowed capex range signals the company’s intent to tighten investment plans amid uncertain macro conditions and to prioritize cash efficiency. Analysts and investors will watch the next earnings call for details on how the Class C share structure will be implemented and how the settlement amount impacts future profitability.


Further guidance on capex allocations, as hinted by the narrowed range, will be scrutinized for signs of shifting priorities in product development or infrastructure. Ongoing reporting on the teen lawsuit could reveal additional financial ramifications, and market reactions to the stock split will be tracked for any impact on Meta’s share‑price volatility.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| PR Newswire | Meta Reports Third Quarter 2026 Results | [Source Link](https://news.google.com/rss/articles/CBMimwFBVV95cUxOMUU3T01IdlJYdW5HSHctMzZHeGJhX0dHempQZXM3SHFiTnJwWkx4X1NiUlhJdENSX0Q1dlVDa3hfcVNLQks3MllOd0paZU1Yd2Q3NDJBdFAyQnlkajhlTXRvZHFlNUQzUzVGOVJPTEJrXzNDczZFQ1djZW9vQmN6X014dzhQamVuWko1U0xJUGxJcFRNZkhlQU1fMA?oc=5) |
| Deadline | Meta Tops Q3 Revenue Estimates, But Earnings Hit By Teen Lawsuit Settlement; Stock Split Creates Class C Shares | [Source Link](https://news.google.com/rss/articles/CBMiigFBVV95cUxPTnd1Q0NDVE1iTzdWWGt5RWJzYldEMXozbDdkMGh3dmZWVFgta0hKdWc2MFBON0ltLW1PYU1UU2lvb0xPcHBnZXpXN0tCOGxrd1BKbFQwNjNXYm5Tal9mVW5XaHlPT2FfdC03TnFqYVJKUWswbXoyQ0ZMVlg2b01JbG4yYTV6VnlGbXc?oc=5) |
| Forbes | Meta Posts $64 Billion In Revenue And Announces Stock Split In Q3 Earnings | [Source Link](https://news.google.com/rss/articles/CBMiywFBVV95cUxOWWhib0o4ZGpzQXc0Q21qRTFEZkl1WXJyNmFFVldvb2NHdEFidmNjU3RPTjJ4R2ZyeVNvZ2pZM0ZtellIUG01cmpTcFdveVBRNzVHeGdfSWs1ZHd2NjFwX0hlRGlqYlh1b0Z1VXJzVmhCMmdjRS1ZQ0pPNUtrdlRkUXZfeEx4X0ZtOEpJS1Izc0JnbUZXOFIyT09KNWUtQmtPX0xqTXc4TjF4WElXM1B2aEJNM1BVRWhuOEg2LWRrWG5lTVpNd18wUFM2bw?oc=5) |
| Seeking Alpha | Meta Platforms delivers Q3 beat, narrows capex range (META:NASDAQ) | [Source Link](https://news.google.com/rss/articles/CBMikwFBVV95cUxQYkFmSF80TzJ3c1pBejFKUFhmdlYxa1plOWhXLTAxMEtlaC1sd3YwblQwWERnVlU5Z2Vac1VzSkwteVJsQkhuZ1lmaGNLUHZKOEpqM3QtMFF5LU9wUlRVX0U2S2E2YmlsdUV4R3JhSm5Ma2sxcDJYbjdMaUdBUVc1T0RZLTVHdkNLNGZMXy1rZk5RZ0E?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-10-21/meta-posts-q3-revenue-beat-and-strong-guidance-live-updates*