Meta jumps on Wall Street after beating forecasts and doubling down on AI

TechnologyInternationalAmbitoOct 21, 2026, 6:04 PM35 s readAI summary

Meta, owner of Facebook, Instagram and WhatsApp, reported 26% revenue growth and projected fourth-quarter revenue of between $73 billion and $76 billion, above expectations. GAAP earnings per share were $3.83; excluding the $9.89 billion charge from an agreement with U.S. prosecutors, it would have been $7.40. It raised the floor of its 2026 capital investment plan to $135 billion and announced a new class of non-voting shares.

In 35 seconds

Revenue grew 26% and the fourth-quarter guidance tops the market consensus
The $9.89 billion charge from the agreement with U.S. prosecutors pushed the operating margin to 20%, from 40% a year earlier
Quarterly capex was $34.91 billion and free cash flow was negative at $2.12 billion

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IASummary generated by artificial intelligence from a story by Ambito. It may contain errors: the original source prevails.

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Meta jumps on Wall Street after beating forecasts and doubling down on AI

In 35 seconds

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Dan Driscoll, former US Army secretary, joins OpenAI as senior national security advisor

Emcali selected the consortium that will modernize more than 100,000 streetlights in Cali with LED technology

Cartagena Chamber of Commerce kicks off InnovaLatam 2026 with AI and leadership as core themes

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