Meta Plans New Share Class as AI Spending Forecast Reaches $135–145 Billion
What Happened
Meta announced plans to introduce non-voting Class C shares in January 2027 to support investment and other corporate needs. It narrowed its annual capital spending forecast to $135–145 billion, from $130–145 billion. Third-quarter revenue rose 26% to $64.6 billion, while the company forecast fourth-quarter revenue of $73–76 billion.
Key Takeaways
Meta is expanding its AI investments while creating a new share class that preserves existing voting control. Its higher spending outlook comes alongside revenue growth, but future AI returns remain uncertain.