Add as a preferred source on GoogleMeta Revenue Climbs 26% as 2026 Capital Spending Range Narrows
A $9.9 billion legal expense helped push operating income down 37%, even as net income rose 264%.
Meta's third-quarter revenue rose 26% to $64.6 billion, while the company raised its 2026 capital spending floor, putting its AI investment plans in focus for markets.
Meta set its 2026 capital spending range at $135 billion to $145 billion, moving the low end up from $130 billion while keeping the $145 billion ceiling unchanged. The company expects the spending to support its core business and AI initiatives, with active investment continuing into 2027.
A $9.9 billion legal expense weighed on results. Operating income fell 37% year over year to $12.99 billion, while net income climbed 264% to $9.86 billion. Diluted earnings per share were $3.83.
The average number of daily active people (DAP) in September reached 3.64 billion, up 3% from a year earlier.
Meta expects fourth-quarter revenue to range from $73 billion to $76 billion. It also expects Reality Labs losses to narrow to about $15 billion.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.