Companies/Communication Services/Interactive media and services

Meta

META · NasdaqEarnings Oct 28 (est.)Menlo Park, California78.9K employeesWebsite ↗
764.06▲ 2.95%Pooled price · full market data →

What matters nowUpdated 9 h ago

  • On October 12, 2026 Meta said it will release Q3 2026 results on Wednesday, October 21 after the close, with the call at 4:30 p.m. ET, which supersedes the October 28 calendar estimates 1. The same day it made Muse Wonder models available to developers, though the announcement gave no benchmarks or prices 2.
  • Meta's stock rose 10.09% on September 21 when Wells Fargo raised its target to $796 on early Muse traction 3 and 5.57% on September 24 after JPMorgan lifted its target to $920 and said Muse could become the top consumer AI app 4. The 4.15% drop on September 28 has no recorded explanation.
  • On pooled 24/7 venue prices, META was $735.55 at 11:51 UTC on October 13, 2026, down 0.89% from the prior close of $742.15, and the stock had risen about 3% on October 12 after app data showed Muse retention rivaling ChatGPT's 5.
  • Trailing revenue to June 30, 2026 was $228.2B, up 27.7% year over year, with a 38.1% operating margin, trailing EPS of $26.54 (down 3.8% year over year), a P/E of 27.7, EV/EBITDA of 17.9 and a 2.17% FCF yield, while 2026 capital expenditures are guided to $130-145B.
  • Insiders sold 191,187 shares worth about $127.5M over the past 180 days and bought none, and 35 of the 37 sales were made under planned trading plans.
  • Q3 results on October 21 are the next company catalyst, against company guidance of $61-64B in revenue, and Polymarket gives a 13.5% chance META hits $860 in October and a 16.5% chance it dips to $640.

Meta Platforms owns Facebook, Instagram, WhatsApp, Messenger and Threads, which reach about 3.6 billion people a day, and sells targeted advertising across them. Almost all revenue comes from advertising in the Family of Apps segment. The Reality Labs segment builds Quest headsets, Ray-Ban Meta AI glasses and other wearables, and loses about $19 billion a year. Spending on AI models and data centers is the main driver of the stock, with 2026 capital expenditures guided to $130-145 billion.

How it makes money

Meta earns almost all of its revenue from advertising that businesses buy to reach users on Facebook, Instagram, WhatsApp, Messenger and Threads. Ad pricing and ad volume both drive growth, and the company's AI ranking models decide which ads users see. Smaller paid lines are WhatsApp paid messaging and subscriptions, which reached about $1 billion of revenue in Q2 2026. Reality Labs sells Quest headsets and AI glasses, which add a small amount of revenue but a large operating loss.

Last 12 monthsChart & venues →

528.17647.33766.50Meta sets Q3 2026 results for October 21 after the close, with a 4:30 p.m. ET call1JPMorgan raises Meta target to $920 from $820, says Muse could be the top consumer AI app2Meta Connect 2026: Muse comes to AI glasses, plus VR glasses and new Ray-Ban models3Wells Fargo lifts Meta target to $796 from $640 on Muse traction; shares rise over 10%4Meta launches Muse, a personal AI agent that works on its own cloud computer5Meta agrees to pay up to $17B to states over teen safety, with time limits and notification blocks6New Mexico judge orders Meta to pay $567M and limit teen use of its apps7Meta shares fall more than 9% in early trading after Q2 EPS miss and weak guidance8Dec 31Mar 13May 23Aug 2Oct 12
Numbered dots: the stories that mattered. Click one.

Valuation & fundamentalsFull financials →

Market cap$1.96Tpooled price × shares
Enterprise value$2.03T+ net debt $68.20B
P/E (TTM)28.8×EPS $26.54
EV / EBITDA18.6×EBITDA $109.10B
P / Sales8.6×EV/Sales 8.9×
P / Book7.5×equity $261.22B
FCF yield2.1%FCF $40.98B
Shareholder yield0.4%div 0.28% · buyback 0.2%
Revenue (TTM)$228.25B27.7% YoY
Last quarter revenue28.0%growth YoY
EPS growth (TTM)-3.8%last Q -13.4%
Gross margin81.7%operating 38.1%
Net margin29.8%EBITDA 47.8%
ROE29.8%on average equity
Cash$15.46Bdebt $83.66B
Shares out—diluted 2.57B

TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →

Biggest businessesAll products & projects →

Latest newsAll news →

Intel contributes to Open Adapter Card workgroup for standard sub-rack accelerator form factor

Intel said on October 12, at the OCP Global Summit, that it is contributing to the Open Adapter Card workgroup.

Product

Meta sets Q3 2026 results for October 21 after the close, with a 4:30 p.m. ET call

Meta announced on October 12, 2026 that it will release third-quarter 2026 results on Wednesday, October 21, after the market closes, with the conference call at 1:30 p.m.

Earnings

Meta releases Muse Wonder models to developers now, with Muse Wonder Full for Muse Code subscribers

Meta made two new frontier models available on October 12, 2026: Muse Wonder for developers through the Meta Model API and Muse Code, and Muse Wonder Full for Muse Code subscribers.

Product

Meta shares rise about 3% on Muse retention data that rivals ChatGPT

Meta shares rose about 3% on October 12, 2026 to $739.68 per one report, after app-intelligence data showed Muse's early user retention rivaling ChatGPT's.

News

Alliance4Europe sues Meta in Hamburg for about EUR 1,650 in legal costs under the DSA

On October 8, 2026 the advocacy group Alliance4Europe filed a claim against Meta at the Hamburg-Altona local court in Germany.

Legal

Meta releases Muse as a dedicated iPad app with new business connectors

Meta launched a dedicated iPad app for its Muse assistant on October 7, 2026, about a month after the iPhone and Android launch on September 8.

Product