Meta to issue non-voting shares to fund AI buildout
The stock dividend goes to all existing shareholders, and Meta says the new class will preserve current Class A and B voting power.
Meta will create a new class of non-voting capital stock and distribute it to all existing shareholders as a stock dividend, the company confirmed on its third-quarter 2026 earnings call, according to TechCrunch. The shares are meant to be publicly traded non-voting stock that Meta can use for capital raising, employee compensation and acquisitions while leaving existing Class A and B voting power unchanged.
Meta reported quarterly revenue of $64 billion, up 26% year over year, while costs and expenses rose 68%. Chief financial officer Susan Li set out the share plan on the call.
On the hardware side, Meta said it expects Reality Labs losses to shrink from 2025 levels to between $18 billion and $19 billion.
CEO Mark Zuckerberg said more than 10 million people in the U.S. and Canada set up Muse personal agents in a month and a half. The company's recent AI releases include Muse Wonder and the open-weight model Muse Spark Open, added in recent weeks.
AI lineup expands
Earlier in 2026, Meta released several AI models including Muse Spark and Muse Glimmer, and at this year's Meta Connect it announced a new line of avatars for its Meta Muse assistant. Meta also has a number of youth-related trials scheduled in the coming months in the United States.
Quick answers
What is Meta's new class of stock?
It is publicly traded non-voting stock that will be distributed to all existing shareholders as a stock dividend and can be used for capital raising, employee compensation and acquisitions.
Will the new shares change Meta's voting power?
No. Meta said existing Class A and B voting power is preserved.
How much revenue did Meta report for the third quarter of 2026?
$64 billion, up 26% year over year, while costs and expenses rose 68%.