Quarterly guidance

Revenue
$73 billion to $76 billion for Q4 2026.
Tax Rate
15% to 17% for Q4 2026.

Annual guidance

Total Expenses
$175 billion to $179 billion.
Reality Labs Losses
$18 billion to $19 billion.
Capital Expenditures
$135 billion to $145 billion.

Outlook

Compute Efficiency
Expect to improve compute cost efficiency by more than 10x in the next year.
Reality Labs
Operating losses are expected to decline to around $15 billion in 2027.
AI Revenue
AI investments are expected to contribute incremental revenue in 2027 through subscriptions, transactions, and enterprise offerings.
Core Business
Expect to sustain strong overall revenue growth throughout 2027 driven by AI-enhanced engagement and ad performance.
Legal Matters
The company continues to monitor active legal and regulatory matters, including youth-related trials scheduled in the coming months.