Meta Platforms Reports Strong Q3 Revenue Growth and Rapid Muse AI Adoption
Meta Platforms reported third-quarter revenue of $64.6 billion, a 26% year-over-year increase that exceeded analyst expectations. While diluted earnings per share (EPS) was impacted by a $9.89 billion legal settlement related to teen addiction litigation, the underlying business performance remained robust. Following the report, Meta's stock rose in after-hours trading as investors reacted positively to strong guidance and manageable capital expenditure forecasts. A significant driver of investor optimism is the rapid adoption of Muse, Meta's AI agent. CEO Mark Zuckerberg reported that over 10 million users in the U.S. and Canada have set up personal agents within six weeks, with a daily retention rate of approximately 25%. The product is seeing high engagement in e-commerce, forcing payment processors like Stripe to increase credit limits due to unexpected transaction volumes.
Tickers: $META
Topics: AI Product Launch EPS Legal Settlement Muse AI Agent Revenue Growth
Part of the story Meta Reports Q3 2026 Revenue Growth Amid Legal Settlement and Massive AI Infrastructure Investment (16 articles)