Meta Tops Q3 Revenue Estimates, But Earnings Hit By Teen Lawsuit Settlement; Stock Split Creates Class C Shares

News Briefvia DeadlineOctober 21, 2026

Meta’s third-quarter revenue beat Wall Street expectations, but earnings took a hit from the company’s settlement of a lawsuit filed on behalf of teenage social media users. Revenue for the July-to-September period set a new record at $64 billion, beating the consensus forecast of analysts of $63.3 billion.

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