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The credit risk indicators of Meta Platforms have soared to an all-time high, and bond prices have fallen. The company plans to increase capital expenditures, raising market concerns about the rising debt for AI infrastructure.The five-year credit default swap prices rose by 8.9 basis points, reaching approximately 119.3 basis points per year. Meta stated it will invest about $825 billion in AI-related leases and contracts.

Meta Platforms (META.O) future spending commitments soar to $825 billion.

Meta announced its third-quarter 2026 performance early this morning Beijing time, with revenue of $64.601 billion, a year-on-year increase of 26%, exceeding market consensus expectations (approximately $63.3 to $63.7 billion). Net profit was $9.860 billion, a year-on-year increase of 264%, with a GAAP diluted earnings per share of $3.83.Operating profit decreased by 37% year-on-year to $12.988 billion, and the operating profit margin fell to about 20% (compared to about 40% in the same period last year), mainly due to a legal expense of $9.89 billion. This expense is related to the agreement reached with the attorneys general of various states in the U.S. regarding lawsuits related to youth mental health and social media, with a total payment cap of approximately $18.59 billion. Excluding this expense, operating profit was $22.88 billion, corresponding to an adjusted diluted earnings per share of approximately $7.40.The significant year-on-year growth in net profit was also influenced by the low base effect of the previous year's effective tax rate, which was as high as 87%; the effective tax rate for this quarter was 24%. Ad impressions increased by 10% year-on-year, and the average ad price rose by 14%. Family daily active people were approximately 3.64 billion, a year-on-year increase of 3%. Family of Apps revenue was approximately $64.16 billion, of which ad revenue was about $63.06 billion; Reality Labs revenue was approximately $443 million, with an operating loss of about $4.13 billion.Capital expenditures for the third quarter (including principal payments on finance leases) were approximately $34.9 billion, with free cash flow of negative $2.12 billion, and cash, cash equivalents, and marketable securities at the end of the quarter were approximately $82.4 billion. The company expects fourth-quarter revenue to be between $73 billion and $76 billion. The full-year capital expenditure guidance has been narrowed to $135 billion to $145 billion, and the full-year expense guidance has been raised to $175 billion to $179 billion, mainly due to the inclusion of legal expenses; excluding this expense, full-year operating profit is still expected to be higher than in 2025. The company also expects Reality Labs operating losses in 2026 to be approximately $18 to $19 billion, with hopes of narrowing next year.According to Gate market data, possibly influenced by the earnings report information, META's stock price rose by 2.17% in after-hours trading.

Meta CEO Mark Zuckerberg stated that since its launch in September, the user base of Meta's AI application Muse has exceeded 10 million. The main use case for Muse is shopping, with over a quarter of users purchasing goods through the app, and the average transaction amount exceeding 200 dollars.After the release, Meta's stock price rose 5% in after-hours trading and topped the Apple App Store charts.

Meta Platforms has signed an agreement with CEO Mark Zuckerberg, requiring him to continue residing in the jurisdiction where the company's headquarters is located for the next eight years. This move is in response to California's proposed wealth tax, which could result in a tax bill of billions of dollars for Zuckerberg.The agreement allows him to sell a portion of his Class C shares to provide liquidity to address the potential tax burden from California Proposition 40.

Meta Platforms CEO Mark Zuckerberg stated that the company will adjust the investment pace in the virtual reality sector and shift its focus to artificial intelligence.

Meta Platforms (META.O) CEO Mark Zuckerberg stated that the company is developing a new generation of small models, expected to be launched soon, to achieve Muse Wonder level intelligence with higher efficiency.

Meta Platforms expects its Reality Labs division's losses to narrow to about 15 billion dollars next year.

Meta Platforms (META.O) expects its total capital expenditure for the year 2026 to be between 135 billion and 145 billion dollars.

Meta Platforms expects Q4 revenue to be between 73 billion and 76 billion dollars, with market expectations at 73.73 billion dollars.

Meta Platforms (META.O) reported third-quarter revenue of 64.6 billion dollars in 2026, compared to 51.242 billion dollars in the same period last year, with market expectations at 63.334 billion dollars.

According to the American financial media Semafor, Meta Platforms may officially announce a non-voting stock plan as early as Wednesday during the release of its quarterly financial report, aimed at financing investments in AI, a move that does not dilute Zuckerberg's control.

A court in New Mexico, USA, ordered Meta Platforms to pay a civil fine of $25 billion. The jury found that Meta made misleading statements regarding user privacy, data processing, and hate speech moderation, violating state consumer protection laws over 43 million times. This judgment amount is one of the highest fine judgments in the history of the U.S. judiciary.

The liquidity protocol Sunrise based on Solana announced the introduction of tokenized Meta stocks issued by Backpack Securities into the Solana ecosystem. Previously, the two parties collaborated to tokenize multiple U.S. stocks and launch them on Solana, including SpaceX (SPCX), Micron Technology (MU), Moderna (MRNA), and Nike (NKE).Backpack Securities is responsible for the custody and issuance of the tokens, while Sunrise is responsible for coordinating on-chain listings and liquidity building within the Solana ecosystem. Each tokenized stock is backed 1:1 by real stocks in a custody account, and holders have actual rights to the corresponding securities, including dividends, and can redeem them for traditional stocks through Backpack Securities.Sunrise is a Solana liquidity protocol initiated by Wormhole Labs, and its collaboration with Backpack started in June 2026, with the first product being tokenized SpaceX stock. As the supply and trading volume of tokenized U.S. stocks continue to grow, Solana is becoming one of the main venues for decentralized trading of tokenized U.S. stocks.

According to a post by Bitcoin News on the X platform, Super League shareholders approved the relevant transaction on October 16, with Metaplanet injecting 2,100 BTC and 2.5 million USD to acquire 44.86 million shares at a price of 3 USD per share.After the transaction is completed, the company will be renamed Superplanet, and the stock ticker will change to SUPA, with Metaplanet holding over 90% of the shares during a five-year lock-up period. Superplanet plans to further purchase Bitcoin by issuing perpetual preferred shares, with the transaction expected to be completed in the fourth quarter.

UPBIT will launch the KRW trading pair for Metaplex (MPLX) on October 20 at 18:30. Users should note that only deposits and withdrawals on the Solana network are supported.

Metaplanet founder and CEO Simon Gerovich announced that the transaction between Metaplanet and Super League Enterprise, Inc. (NASDAQ: SLE) has been formally approved at the company's shareholder meeting.This move marks a key step for Metaplanet in transforming from a Bitcoin treasury company to a global Bitcoin-native financial platform.It is reported that Metaplanet injected 2,100 Bitcoins and $2.5 million in cash into the NASDAQ-listed company Super League Enterprise (SLE), with a total value of approximately $134.6 million, in exchange for a controlling stake. In return, Metaplanet received approximately 44.86 million newly issued shares of common stock (at $3 per share), as well as preferred stock and warrants. After the transaction is completed, Metaplanet will hold about 95.7% of SLE's issued common stock, becoming its controlling shareholder.According to Gerovich, after the transaction is completed, Superplanet will serve as Metaplanet's Bitcoin treasury platform listed in the United States, which will enable it to directly access the U.S. capital markets and gain more agile and flexible financing capabilities. Strategically, combined with Metaplanet Securities established in Japan, this approval will provide the company with complementary platforms in the two most important capital markets globally (the U.S. and Japan).This will not only facilitate its international financing and capital allocation but also further advance its business expansion in areas such as Bitcoin treasury, financial services, financial products, and asset management. Gerovich stated that this is a new milestone on Metaplanet's long-term growth path, and the company will continue to update the public on the latest progress regarding the completion of this transaction.