Meta Platforms earnings beat by $0.26, revenue topped estimates
Revenue rose 26% as Meta booked billions in legal charges tied to teen mental health and privacy cases.
- On Wednesday, Meta Platforms reported third-quarter earnings as CEO Mark Zuckerberg announced that Muse, the company's artificial intelligence agent launched in August, has surpassed more than 10 million users.
- Zuckerberg said Muse has achieved "product-market fit," with shopping emerging as the most common use case and users averaging purchases of over $200 through the app.
- Revenue grew 26% to $64.60 billion during the July-September period, while Meta reported net income of $9.86 billion, reflecting strong quarterly performance despite legal settlement charges.
- Earlier on Wednesday, a New Mexico judge ordered Meta to pay $25 billion for misleading users about data handling and failing to prevent misinformation on Facebook.
- Meta expects to improve Muse's cost efficiency by more than 10x next year, positioning the agent to reach profitability once revenue lines scale.
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Meta Platforms Q3 Earnings Call Highlights
Meta Platforms (NASDAQ:META) reported third-quarter 2026 revenue growth of 26% as advertising demand, engagement gains and AI-driven improvements across its apps supported results, while expenses rose sharply due to a nearly $10 billion legal charge and continued infrastructure investment. Chief Ex
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Revenue Up 26%, Profit Plummets 37%; Meta, Making Money by Monetizing Various Social Media Features. Meta released earnings for the third quarter of this year, reporting a 26% increase in revenue but a 37% decrease in operating profit. This is attributed to the reflection of litigation costs related to youth protection, coupled with the massive capital poured into AI infrastructure investment, resulting in surplus...
Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have
Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as revenue climbed sharply. The parent company of Facebook and Instagram reported net income of $9.86 billion, or $3.83 per share, for the July-September period.
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