The David Lin Report · Friday, October 23, 2026
Meta reported a 26 percent jump in third-quarter revenue to approximately 64.6 billion dollars, but its operating expenses surged 68 percent and free cash flow turned negative at 2.1 billion dollars due to heavy investments in AI infrastructure. Additionally, Meta announced a new class of non-voting Class C shares effective January 2027 to provide capital structure flexibility.
“Meta just reported third quarter revenue of approximately $64.6 billion, up 26% from a year ago.”
“And yet after accounting for its capital spending, the company reported a negative $2.1 billion in free cash flow.”