# Meta Sets Class C Stock to Fund AI Push _Meta guided Q4 revenue above estimates, narrowed 2026 capex to $135B-$145B and added Class C stock to fund AI without diluting Zuckerberg._ **Published:** 2026-10-22 **Source:** https://www.startuphub.ai/ai-news/public-companies/2026/meta-sets-class-c-stock-to-fund-ai-push --- [Bloomberg Podcasts](https://www.youtube.com/watch?v=cfkWcWWn44M) broke Meta’s earnings with a Q4 revenue guide of $73 billion to $76 billion, above the $73.57 billion estimate, and a new non-voting Class C common stock the board approved for listing in January 2027. AI funding needsDrivermeta needs currency to finance ai push without diluting zuckerbergsolved byClass C stockContextFrom the article 2 mentionsBloomberg Podcasts broke Meta’s earnings with a Q4 revenue guide of $73 billion to $76 billion, above the $73.57 billion estimate, and a new non-voting Class C common stock the board approved for listing in January 2027.viaTwo-for-one splitContextFrom the articleOne Class C share for every Class A or B share, effectively a two-for-one split, Ludlow said.enablesCapex narrowedOutcomeFrom the articleThe host flagged the narrowed 2026 capex range of $135 billion to $145 billion from $130 billion to $145 billion, and Ed Ludlow, host of Bloomberg Tech, said total expenses are now seen at $175 billion to $179 billion compared with $165 billion to $169 billion previously.alongsideQ4 revenue beatOutcomeq4 revenue guided 73 to 76 billion above 73.57 billion estimateFrom the article 3 mentionsRevenue was $64.2 billion, up 26% year over year and the highest quarter ever, the outlet’s team noted, while EPS landed at $3.57 after a $9.9 billion legal charge and $7.40 on a non-GAAP basis without it.AI funding needsDrivermeta needs currency to finance ai push without diluting zuckerbergsolved byClass C stockContextFrom the article 2 mentionsBloomberg Podcasts broke Meta’s earnings with a Q4 revenue guide of $73 billion to $76 billion, above the $73.57 billion estimate, and a new non-voting Class C common stock the board approved for listing in January 2027.viaTwo-for-one splitContextFrom the articleOne Class C share for every Class A or B share, effectively a two-for-one split, Ludlow said.enablesCapex narrowedOutcomeFrom the articleThe host flagged the narrowed 2026 capex range of $135 billion to $145 billion from $130 billion to $145 billion, and Ed Ludlow, host of Bloomberg Tech, said total expenses are now seen at $175 billion to $179 billion compared with $165 billion to $169 billion previously.alongsideQ4 revenue beatOutcomeq4 revenue guided 73 to 76 billion above 73.57 billion estimateFrom the article 3 mentionsRevenue was $64.2 billion, up 26% year over year and the highest quarter ever, the outlet’s team noted, while EPS landed at $3.57 after a $9.9 billion legal charge and $7.40 on a non-GAAP basis without it.offset byExpenses risingOutcometotal expenses now seen at 175 to 179 billion dollarsFrom the article 2 mentionsShares bounced about 1.5% after hours then slipped as investors parsed the higher expense base, negative free cash flow optics and whether ad pricing strength, not volume, can keep carrying the AI buildout.affectsEPS impactOutcomeFrom the articleRevenue was $64.2 billion, up 26% year over year and the highest quarter ever, the outlet’s team noted, while EPS landed at $3.57 after a $9.9 billion legal charge and $7.40 on a non-GAAP basis without it. Revenue was $64.2 billion, up 26% year over year and the highest quarter ever, the outlet’s team noted, while EPS landed at $3.57 after a $9.9 billion legal charge and $7.40 on a non-GAAP basis without it. The host flagged the narrowed 2026 capex range of $135 billion to $145 billion from $130 billion to $145 billion, and [Ed Ludlow](https://www.startuphub.ai/hardware/gpus/nvidia-s-750b-deals-spark-circular-ai-financing-debate), host of [Bloomberg Tech](https://www.startuphub.ai/ai-news/public-companies/2026/alphabet-to-raise-80b-anthropic-eyes-ipo), said total expenses are now seen at $175 billion to $179 billion compared with $165 billion to $169 billion previously. The real mechanics are in the stock. One Class C share for every Class A or B share, effectively a two-for-one split, Ludlow said. ![Earnings Special: Meta Boosts Bet on AI With Spending Outlook, New Stock Class | Bloomberg... - Bloomberg Podcast](https://img.youtube.com/vi/cfkWcWWn44M/maxresdefault.jpg) Earnings Special: Meta Boosts Bet on AI With Spending Outlook, New Stock Class | Bloomberg..., Bloomberg Podcast Meta said the structure provides currency to finance growth and stay competitive, for M&A, AI talent and general corporate purposes, without diluting Mark Zuckerberg, who holds about 14% economically but controls 99.8% of Class B voting power. [bloomberg](https://www.startuphub.ai/ai-news/artificial-intelligence/2026/ai-trade-us-iran-peace-talks-on-bloomberg-surveillance)’s discussion tied the move to a founder agreement to keep Zuckerberg leading the company in person, and [Business Insider](https://www.startuphub.ai/startups/business-insider) reported separately that the board wants Zuckerberg to stick around and disclosed the plan in the third-quarter earnings report. Ludlow linked the filing to California’s Prop 40, a one-time 5% billionaires tax on the ballot, with Meta warning Zuckerberg could relocate his primary residence if it passes and noting billions in potential liability given his equity-heavy wealth. The host contrasted that with [Jensen Huang](https://www.startuphub.ai/ai-news/artificial-intelligence/2026/jensen-huang-ai-is-software-not-a-new-species), who Ludlow said told him Jan. 6 he was happy to pay California and U.S. taxes and credited the state’s universities for talent. Meta did not provide a fiscal 2027 revenue outlook, Ludlow noted, while reiterating the outlook is strong and flagging Reality Labs losses around $18 billion to $19 billion and a fourth-quarter tax rate of 15% to 17%. Shares bounced about 1.5% after hours then slipped as investors parsed the higher expense base, negative free cash flow optics and whether ad pricing strength, not volume, can keep carrying the AI buildout. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory. © StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training on this content requires a license. See https://www.startuphub.ai/terms.