Meta posts record $64 billion Q3 revenue and launches 2-for-1 stock split

Meta Platforms announced that its third-quarter revenue hit a new high of $64 billion, beating Wall Street’s consensus estimate of $63.3 billion. The GAAP earnings per share came in at $3.83, impacted by legal expenses tied to a teen-mental-health settlement; without that charge, EPS would have been $7.40. The company also revealed a 2-for-1 stock split, granting each holder of Class A shares one additional non-voting Class C share, a move designed to maintain Mark Zuckerberg’s voting dominance while supporting financing needs for its expanding AI infrastructure.

In its capital-expenditure guidance, Meta lifted the lower end of its forecast to $135 billion, leaving the upper limit unchanged at $145 billion. These results kick off the latest earnings season for major tech firms, with investors watching revenue growth, profitability, and AI spending closely.