Meta Platforms Prepares Third-Quarter 2026 Earnings Release

Meta Platforms will release its third-quarter 2026 earnings report on October 21 after the market closes. Analysts expect revenue growth of approximately 24%, with potential revenue reaching $63.8 billion if the company hits the top of its guided range.

Investors are closely monitoring the adoption and monetization of the Muse AI agent alongside the company's aggressive capital expenditure, guided between $130 billion and $145 billion for the full year. While AI-driven targeting and recommendations continue to grow the core advertising business, high spending on generative AI and Reality Labs has pressured profits and free cash flow.

To diversify income, the company is exploring new revenue streams. These include the Meta Enterprise Platform and the potential rental of excess data center capacity to AI labs. CEO Pavel Durov has identified the Meta Enterprise Platform as the next major pillar for the company.