Why Is Meta Platforms (META) Stock Falling After a Strong Earnings Report?

TLDR Meta (META) stock fell 7% on Thursday, giving back its 7% after-hours gain from Wednesday’s earnings report. Q3 revenue rose 26% to $64.6 billion, and Muse signed up more than 10 million users in the U.S. and Canada. Free cash flow turned negative, and Meta raised its 2026 capital spending forecast to $135 billion to $145 billion. Meta said it is adding a new class of nonvoting shares to widen its funding options. Microsoft, Alphabet and Amazon report earnings next week. Meta Platforms (META) stock fell 7% on Thursday, wiping out the 7% jump it posted in after-hours trading after Wednesday’s earnings report. The average one-year analyst target rose from $819 to $838 following the results, according to Bloomberg data.

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