Companies · META
Meta
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Latest analysis
Updated Oct 29, 2026
Meta raises $12.75B via convertible preferred and forward stock sale.
Meta executed a dual financing on October 26–29, 2026, issuing 250 million depositary shares (each representing 1/20th of a 6.50% Series A Mandatory Convertible Preferred Stock) and entering into forward sale agreements for 40 million Class A shares. The preferred stock carries a $1,000 liquidation preference per share and will automatically convert in August 2029 into 1.3620–1.6000 shares of Class A Common Stock, or into Class C Common Stock if issued. This structure locks in capital for infrastructure and strategic initiatives while deferring common equity dilution.
Tone: neutralRevenue
$201B
META 10-K · FY 2025
Employees
78,865
Revenue growth YoY
+22%
Founded
2004
Profile
META 10-K Item 1 · Jan 29, 2026Meta Platforms operates two reportable segments: Family of Apps (FoA), which includes Facebook, Instagram, Messenger, WhatsApp, Threads, and Meta AI, generating substantially all revenue through advertising; and Reality Labs (RL), which develops virtual and augmented reality hardware, software, and content. The company is making large-scale investments in frontier AI models and next-generation computing platforms including AR glasses, VR headsets, and neural interfaces. Meta frames superintelligence — AI surpassing human intelligence — as a long-term strategic objective.
Read filing description ↓ Collapse description ↑
Our mission is to build the future of human connection and the technology that makes it possible. Our products enable people to connect and share through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses. We are innovating in artificial intelligence (AI) technologies to build transformative experiences and capabilities across our Family of Apps and new platforms, and to advance our vision to deliver personal superintelligence for everyone. We build technology that helps people connect and share, find and build communities, and grow businesses. We also help people discover and learn about what is going on in the world around them, enable people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large, and stay connected everywhere by accessing our products. Meta is moving our offerings beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next computing platform. Our vision does not center on any single product, but rather an entire ecosystem of experiences, devices, and new technologies powered by AI. While the metaverse is in the very early stages of its development, we believe it will become the next computing platform and the future of social interaction. Across our work, we are innovating to build new experiences that help make our platform more social, useful, and immersive. Our AI investments support initiatives across our products and services, helping power the systems that rank content in our apps, our discovery engine that recommends relevant content, the tools advertisers use to reach customers, the development of new generative AI experiences, and the tools that make our product development more efficient and productive.
Primary products
- Messenger
- Meta AI
- Threads
Business segments
End markets
Geographies
Named competitors
“We face significant competition in every aspect of our business, including, but not limited to, companies that facilitate the ability of users to create, share, communicate, and discover content and information online or enable marketers to reach their existing or prospective audiences.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue for 2025 increased 22% compared to 2024, driven by growth in advertising revenue, with ad impressions up 12% and average price per ad up 9% year-over-year.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.