Meta Platforms Reports Strong Third-Quarter Earnings Driven by Ad Growth and AI Momentum
Meta Platforms (META) reported robust third-quarter results, with revenue climbing 26% to $64.6 billion, surpassing analyst expectations. The company's advertising business remains a powerhouse, seeing a 10% increase in ad impressions and a 14% rise in average price per ad. Despite significant legal settlements regarding teen health impacting reported earnings per share, adjusted figures show strong operational efficiency following previous headcount reductions. The company is successfully pivoting toward an AI-centric future, bolstered by the launch of its Muse personal agent. CEO Mark Zuckerberg expressed high confidence in Muse's ability to eventually drive revenue beyond current advertising levels. Additionally, Meta announced a stock dividend that will effectively act as a 2-for-1 split on January 19, 2027, aimed at providing greater flexibility for capital raising and employee compensation.
Tickers: $META
Topics: Advertising Revenue AI Development Meta Platforms Q3 Earnings Reality Labs Losses Revenue Growth