Meta beats forecasts, stock jumps on strong revenue and new share class

Meta exceeded analyst expectations with its latest quarterly report, causing the stock to rise in after-hours trading. Revenue reached $64.6 billion, surpassing the expected $63.37 billion, a 26 percent increase year-over-year. For the fourth quarter, the company forecasts revenue between $73 and $76 billion, compared to the analyst average of $73.7 billion. Meta also raised its 2026 data center capital expenditure range to $135–145 billion, up from $130–145 billion. The report also revealed plans to create a new share class, effectively executing a stock split where existing owners receive one new share for each current share. The stock rose over 5 percent in after-hours trading nearly an hour after the release.