Nov 5, 4:58 PM ET
Meta Platforms completed a $15.0 billion offering of five U.S. dollar senior note series maturing from 2031 to 2056, with fixed rates from 5.850% to 7.500%. Underwriters also exercised in full their option to buy 6,000,000 additional Class A common shares from an offering priced in late October 2026, with forward sale agreements covering those shares. The filing does not state how the proceeds will be used, so the added debt and share sales are the main points for shareholders to weigh.
- Five senior note series: $3.25 billion due 2031, $3.25 billion due 2033, $4.0 billion due 2036, $1.75 billion due 2046 and $2.75 billion due 2056
- Notes were issued under an indenture dated August 9, 2022 with U.S. Bank Trust Company, National Association, as trustee, and a sixth supplemental indenture dated November 5, 2026
- Underwriters exercised their option in full on November 4, 2026 for 6,000,000 additional Class A common shares, with additional forward sale agreements on similar terms
- Underwriting agreement dated November 3, 2026 with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as representatives
Read the filing on SEC.gov ↗
Oct 29, 5:08 PM ET
Meta Platforms closed an offering of 250,000,000 Series A depositary shares on October 29, 2026, each representing a 1/20th interest in a 6.50% Series A Mandatory Convertible Preferred Stock. The company also entered forward sale agreements covering 40,000,000 Class A common shares, under which it will receive no initial proceeds and will issue shares later at an adjustable forward price. The preferred terms bar common dividends and buybacks while preferred shares remain outstanding, subject to exceptions, which may limit capital returns to common shareholders.
- 250,000,000 Series A depositary shares offered; underwriters have an option for up to 37,500,000 more, exercisable within 30 days
- Offering closed October 29, 2026; certificates of designations filed with Delaware October 28, 2026
- Forward sale agreements cover 40,000,000 Class A common shares, with initial forward sale price of $622.91875 per share and settlement by November 19, 2027
- While preferred shares are outstanding, no common dividends or distributions may be paid, subject to certain exceptions
Read the filing on SEC.gov ↗
Oct 21, 4:03 PM ET
Meta reported third quarter 2026 revenue of $64.60 billion, up 26% year over year, and diluted EPS of $3.83 versus $1.05. A $9.89 billion charge tied to an agreement with 52 attorneys general cut operating income 37% to $12.99 billion. The company also approved a non-voting Class C stock, a one-time stock dividend, and a Founder Alignment Agreement with Mark Zuckerberg that limits his sales of the new shares, with the new class effective January 19, 2027.
- Revenue $64.60 billion, up 26%; income from operations $12.99 billion, down 37%, including the $9.89 billion charge
- Diluted EPS $3.83 reported; the company says it would have been $7.40 excluding the charge
- Fourth quarter 2026 revenue guidance $73-76 billion; full-year 2026 total expenses now expected at $175-179 billion
- Board approved non-voting Class C stock effective January 19, 2027, with a one-time stock dividend of one Class C share per Class A and Class B share
Read the filing on SEC.gov ↗
Jul 29, 4:03 PM ET
Meta reported second-quarter 2026 revenue of $60.80 billion, up 28% year over year, while income from operations fell 8% to $18.78 billion and diluted earnings per share fell 13% to $6.18. Results were weighed down by $2.40 billion of legal proceedings charges and $1.18 billion of severance costs tied to the May 2026 headcount reduction, and the company raised the low end of its full-year expense outlook.
- Revenue was $60.80 billion, up 28% year over year; advertising impressions rose 14% and average price per ad rose 12%.
- Net income was $15.85 billion, down 14%, and operating margin fell to 31% from 43%.
- Third-quarter 2026 revenue is expected in the range of $61 billion to $64 billion; full-year 2026 total expenses are now expected at $165 billion to $169 billion.
- Free cash flow was $784 million, compared with $8.55 billion a year earlier; the company also flagged youth-related trials in the U.S. that may result in a material loss.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.