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Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have topped 10 million

Meta Platforms reported a sharp surge in third-quarter financial results, beating Wall Street expectations as revenue grew 26 percent. Chief Executive Officer Mark Zuckerberg announced during an analyst call that Muse, an artificial intelligence agent launched in August, has surpassed 10 million accounts in the United States and Canada. The Facebook and Instagram parent company posted net income of $9.86 billion for the July through September period. Meanwhile, the technology giant continues to manage mounting cash pressures and aggressive artificial intelligence spending requirements.

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  • ✓ Meta Platforms reported third-quarter net income of $9.86 billion, or $3.83 per share, for the July-September period.
  • ✓ Revenue grew 26 percent to $64.60 billion, beating Wall Street estimates.
  • ✓ Chief Executive Officer Mark Zuckerberg stated that more than 10 million people in the U.S. and Canada have set up accounts for Muse.
  • ✓ Muse is a personal artificial intelligence agent that the company launched in August.
🛡️ Source Corroboration: 13 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Meta released its third-quarter financial results on Wednesday, revealing revenue of $64.60 billion alongside growth milestones for its Muse artificial intelligence agent.

Live updates

  1. Meta Q3 Revenue Beats Estimates as Muse Reaches 10 Million

    Meta Platforms reported a sharp surge in third-quarter financial results, beating Wall Street expectations as revenue grew 26 percent. Chief Executive Officer Mark Zuckerberg announced during an analyst call that Muse, an artificial intelligence agent launched in August, has surpassed 10 million accounts in the United States and Canada. The Facebook and Instagram parent company posted net income of $9.86 billion for the July through September period. Meanwhile, the technology giant continues to manage mounting cash pressures and aggressive artificial intelligence spending requirements.

    Why it matters

    The stronger-than-expected financial performance offers a key test of Wall Street tolerance for high artificial intelligence expenditures among major tech firms. Meta is also working to create a new stock class designed to help fund these large-scale technology investments. The rapid adoption of the Muse personal assistant indicates early consumer traction for the company's recent artificial intelligence product rollouts.

    What is confirmed

    • Meta Platforms reported third-quarter net income of $9.86 billion, or $3.83 per share, for the July-September period.
    • Revenue grew 26 percent to $64.60 billion, beating Wall Street estimates.
    • Chief Executive Officer Mark Zuckerberg stated that more than 10 million people in the U.S. and Canada have set up accounts for Muse.
    • Muse is a personal artificial intelligence agent that the company launched in August.

    What to watch next

    • Further details on Meta's creation of a new stock class to fund artificial intelligence spending.
    • Analyst and investor reactions to ongoing artificial intelligence expenditure levels.
    Sources used for this update (15)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. www.meta.com — About Meta | Social Technology, VR, AR, and Innovation
    3. www.meta.com — Meta Account: Single Login for All Meta Apps and Devices
    4. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
    5. CNBC — Meta earnings live updates: AI spending, ad revenue and stock reaction
    6. Yahoo Finance — Meta earnings live: Meta Q3 earnings to test Wall Street's stomach for AI spending
    7. WSJ — Meta Will Create New Stock Class to Fund AI Spending
    8. The New York Times — Meta Raises Its A.I. Spending, Even as Cash Pressures Grow
    9. Reuters — Meta's Muse AI agent achieves strong growth, company introduces new shares to power investments
    10. AP News — Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have topped 10 million
    11. Yahoo Finance — Meta Platforms Third-Quarter Results Rise; Issues Strong Revenue Outlook
    12. www.ksat.com — Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have topped 10 million
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