Meta projects Q4 2026 revenue of $73B-$76B while targeting Reality Labs loss around $15B next year

What happened: On Meta's Q3 2026 earnings call, CFO Susan Li guided Q4 2026 total revenue to $73 billion to $76 billion and said Reality Labs losses are expected to decline versus 2025 to a range of $18 billion to $19 billion. Key numbers: Q4 2026 revenue guidance $73B to $76B; Reality Labs loss guidance $18B to $19B; Q3 revenue $64.6B, up 26%; Q3 expenses Why it matters: Analysts pressed on scaling constraints, compute economics, and the planned new nonvoting share class, which Meta said effectively results in a 2-for-1 stock split with trading expected to begin in late January 2027. Market: +3.9% today ($251.46), -12.6% YTD, 1.5x vol — as of 23:45 UTC Verified: Q3_2026 (Oct 21) EPS $2.95 vs $2.87 est, +2.7% beat; next print ~Jan 20

On Meta's Q3 2026 earnings call, CFO Susan Li guided Q4 2026 total revenue to $73 billion to $76 billion and said Reality Labs losses are expected to decline versus 2025 to a range of $18 billion to $19 billion.

Analysts pressed on scaling constraints, compute economics, and the planned new nonvoting share class, which Meta said effectively results in a 2-for-1 stock split with trading expected to begin in late January 2027. Market: +3.9% today ($251.46), -12.6% YTD, 1.5x vol — as of 23:45 UTC Verified: Q3_2026 (Oct 21) EPS $2.95 vs $2.87 est, +2.7% beat; next print ~Jan 20