# Meta Beats Revenue, Splits Stock to Raise Capital

> Meta's stock drops after beating revenue expectations and splitting shares to fund AI growth.
- Title: Meta Beats Revenue, Splits Stock to Raise Capital | Shortify
- Summary: Meta's stock drops after beating revenue expectations and splitting shares to fund AI growth. Meta reported higher quarterly revenue and earnings per share…
- Keywords: meta, revenue, stock split, nonvoting shares, ai infrastructure, advertising, daily active users, capital expenditures, zuckerberg, muse, technology, enterprise
- Source: SiliconANGLE — https://siliconangle.com/2026/10/21/meta-beats-on-revenue-and-splits-its-stock-two-for-one-with-non-voting-class-c-shares-raise-capital
- Author: Duncan Riley
- Published: 2026-10-21T22:54:48+00:00
- Read time: 1 min
- Topics: meta, revenue, stock split, nonvoting shares, ai infrastructure, advertising, daily active users, capital expenditures, zuckerberg, muse, technology, enterprise
## Meta Beats Revenue
Meta reported diluted earnings per share of $3.83, up from $1.05 a year earlier, on revenue of $64.60 billion, up 26% year-over-year.
## Stock Splits with Nonvoting Shares
Meta will split its stock through a dividend of new Class C shares, one for each outstanding Class A and Class B share, effective Jan. 19, 2027.
## Investor Reaction
Shares rose 2% in after-hours trading Wednesday but fell 8% Thursday as investors worried about AI infrastructure spending.
## AI Infrastructure Spending
Meta expects to spend more on AI infrastructure as the new shares will be used to fund AI development and expansion.
## Muse Service Growth
Over 10 million U.S. and Canadian users signed up for Muse in six weeks, but global expansion is delayed due to computing power needs.
## Zuckerberg's Share Restrictions
Zuckerberg's voting control remains at 60.6% of shares with 13.4% economic interest after receiving nonvoting Class C shares.
## Stock Price Impact
Meta's stock fell 8% Thursday as investors reconsidered the stock split's impact on AI infrastructure spending.
## Key takeaway

Meta reported higher quarterly revenue and earnings per share but stock fell as investors worried about AI infrastructure spending after splitting shares.