Meta Platforms, Inc. · META · Next earnings

Meta Platforms, Inc. reports Wednesday, Jan 27, 2027

META reports after market close with consensus EPS at $8.35 and revenue at $74.97B. Last quarter: Meta’s Q3 growth stayed strong as Muse scaled, but costs rose

Reports After market close83 days awayDate estimated Communication Services

What the street expects

Consensus for the coming report
Consensus EPS $8.35 Calendar consensus
Consensus revenue $74.97B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 83 days away

Where META left off: FY2026 Q3

Full report

Meta’s Q3 growth stayed strong as Muse scaled, but costs rose

EPS surprise -41.4% Reported $3.83 vs $6.54
Revenue surprise +2.0% Reported $64.60B vs $63.34B
Stock move +0.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Maintained; the analysis does not identify a change in guidance sentiment.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Muse’s compute intensity could limit scaling if efficiency gains lag.
  • Monetization and profitable unit economics for Muse remain uncertain.
  • The $9.9 billion legal settlement and ongoing regulatory scrutiny increase pressure.
  • Higher expenses and negative free cash flow could constrain capital allocation.

Questions analysts left open

  • Compute capacity and global rollout could constrain Muse user growth.
  • Management’s timeline for reducing Muse compute costs by more than 10x and the model’s per-user economics remain key execution questions.
  • Agentic commerce may face friction with third-party platforms.
  • Higher expenses, negative free cash flow, and 2027 capital allocation remain important questions.

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Recent META quarters

All META earnings
+0.5%FY2026 Q3-8.0%FY2026 Q2-8.6%FY2026 Q1+10.4%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.