[EARNINGS CALL] Meta (META) outlook; Q4 Revenue Guidance 73bln-76bln (exp. 73.64bln), FY 2026 Total Expenses Guidance 175bln-179bln, FY 2026 Capex Guidance 135bln-145bln (prev. 130bln-145bln)
Meta set Q4 and FY 2026 guidance, citing a Q3 legal charge, and announced a conditional non-voting-share dividend intended to produce an effective two-for-one split.
News detail
Q4 revenue guidance assumes \~1% Y/Y FX headwind FY expenses guidance raised to include 9.9bln Q3 legal charge FY operating income expected above 2025 levels, excluding Q3 legal charge FY Reality Labs Loss Guidance 18bln-19bln, expected to decline Y/Y FY Capex Guidance narrowed to 135bln-145bln, including finance lease principal payments Q4 Effective Tax Rate Guidance 15%-17% Ongoing legal and regulatory scrutiny, including upcoming US youth-related trials Announced plans for an effective 2-for-1 stock split through the issuance of a new class of non-voting shares Shareholders to receive one new non-voting share for each existing share held New non-voting shares expected to begin trading in late January 2027 Strong Q3 execution across core advertising and engagement initiatives Continued progress towards personal superintelligence strategy
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