Meta Platforms Soars 7% on Q3 Beat, Strong Q4 Outlook, and New Non-Voting Share Class for AI Funding

Investing.com -- Meta Platforms beat Wall Street’s third-quarter revenue expectations on strong advertising growth and forecast further gains in the current quarter, while unveiling a new nonvoting share class to support its long-term investment plans. Shares rose 7% following the results.

The Facebook and Instagram parent reported revenue of $64.60 billion for the quarter ended Sept. 30, up 26% from a year earlier and above analyst expectations of $63.33 billion. Earnings per share rose to $3.

After-Hours Movers:

Meta Platforms (META)

Meta stock rose 4% after delivering a Q3 beat-and-raise report while approving a new class of publicly listed non-voting shares to fund its AI roadmap. The company posted Q3 EPS of $3.83 (beating the $3.57 estimate) on revenue of $64.6 billion. Management issued strong Q4 revenue guidance of $73–$76 billion (midpoint $74.5 billion, above the $73.57 billion consensus), signaling robust digital ad momentum heading into the holiday season. Meta updated it

Investing.com -- Meta Platforms is considering issuing nonvoting shares to help finance its artificial intelligence ambitions without diluting CEO Mark Zuckerberg’s voting control, Semafor reported Wednesday, citing people familiar with the matter.

The company could announce the plan as soon as Wednesday, when it is scheduled to report third-quarter earnings after the market close, according to the report.

The potential move would give Meta another way to raise capital as it pours billions of