Why Meta Platforms, Inc. (META) Stock Fell 7.0% on Oct 22, 2026
What happened
Meta Platforms reported third-quarter earnings today with a steep drop in quarterly profit after taking a $15.9 billion non-cash tax charge, according to investing.com. The stock fell 6.43% to $652.68, a material decline from the prior close of $697.52.
Analyst reaction and guidance commentary from the earnings call; confirmation of 2026 earnings consensus ($6.76 EPS) in light of the tax charge impact.
Other developments that session
Meta Platforms, Inc. (META) reported EPS of $7.40 vs. consensus estimate of $6.54, beating by 13.1% for Q3 FY2026.
Meta Platforms, Inc. (META) filed its 10-Q quarterly report on 2026-10-22, covering third-quarter results.
Meta reported Q3 recovery after recent decline, but faces significant 2027 challenges ahead.
Frequently asked questions
Why did Meta Platforms, Inc. (META) stock fall on Oct 22, 2026?
Meta Platforms reported third-quarter earnings today with a steep drop in quarterly profit after taking a $15.9 billion non-cash tax charge, according to investing.com. The stock fell 6.43% to $652.68, a material decline from the prior close of $697.52.
How much did META stock fall on Oct 22, 2026?
META fell 7.0% during the Oct 22, 2026 trading session.