MEMETAEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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META earnings call: We expect fourth quarter 26 total revenue to be in the range of $73 billion to $76 billion Our guidance assumes foreign currency is an approximately 1% headwind to year over year total revenue growth based on current exchange rates.脸书/Meta (META) 电话会：我们预计2026年第四季度总营收区间为730亿至760亿美元，基于当前汇率，本预测假设外币将对总营收同比增长带来约1%的逆风。
Management remarks
Call period: 2026 Q3 · 2026-10-21
Guidance: Susan J. Li: We expect fourth quarter 26 total revenue to be in the range of $73 billion to $76 billion Our guidance assumes foreign currency is an approximately 1% headwind to year over year total revenue growth based on current exchange rates.
Demand and orders: Susan J. Li: Based on a recent user survey, we estimate that at least 500 million self identified small businesses use Meta's Family of Apps to reach customers and generate revenue.
Margins: Susan J. Li: Third quarter GAAP operating income was $13 billion, representing a 37% decline year over year and a 20% operating margin. Excluding the Q3 legal charges related to the aforementioned legal settlement, our third quarter operating income would have increased 11% year over year.
Analyst Q&A
Analyst Douglas Anmuth asked: I have 2. First, just wanted to follow-up on your last comment, Susan, just around as news evolves, and more businesses adopt agents, just wanted to get your sense of how things kind of and shift as you go to more permission based and agent to agent transactions? Management Susan J. Li answered: So you know, we are I would say, at the point where we are both investing sorry, evaluating a lot of investment proposals, you know, that have attractive return profiles over different time horizons, and we wanna figure out how we can fund as many of those as possible within, you know, the construct of our overall budget and financial goals. But it is very dynamic, and it is still pretty early, and so we do not have anything more specific or quantitative to share until we get to the Q4 call, which is typically when we share guidance for the next year.
管理层陈述
电话会期间：2026 Q3 · 2026-10-21
指引：苏珊·J·李（Susan J. Li）：我们预计2026年第四季度总营收区间为730亿至760亿美元，基于当前汇率，本预测假设外币将对总营收同比增长带来约1%的逆风。
需求与订单：苏珊·J·李（Susan J. Li）：根据近期用户调查，我们估计至少有5亿自认定的小企业使用Meta旗下应用程序来触达客户并创造收入。
利润率：苏珊·J·李（Susan J. Li）：第三季度GAAP营业利润为130亿美元，同比下降37%，营业利润率为20%。若排除第三季度与前述法律和解相关的法律费用，我们第三季度的营业利润将同比增长11%。
