Meta says capital expenditures dollar growth will be notably larger in FY26

Says total expenses will grow at a significantly faster percentage rate in 2026 than 2025, with growth primarily driven by infrastructure costs, including incremental cloud expenses and depreciation. Says 3.5B people using at least one of the company’s apps every day. Says Instagram had a milestone with 3B monthly actives. Says Meta superintelligence labs is off to a strong start. Says already built the lab with the highest talent density in the industry. Says building what the company expects to be an industry-leading amount of compute. Says it’s the right strategy to aggressively front load building capacity. Says video is a particular bright spot, with video time spent on Instagram up more than 30% since last year. Says more than a billion monthly actives already use Meta AI. Says Vibes retention is looking good so far and its usage keeps growing quickly week over week. Says new Ray-Ban meta glasses and Oakley Meta Vanguards are both selling well. Comments taken from Q3 earnings conference call.