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Meta Earnings: Revenue Up 26% but Operating Profit Down 37%; AI Agent 'Muse' Surpasses 10 Million Users

Meta Earnings: Revenue Up 26% but Operating Profit Down 37%; AI Agent 'Muse' Surpasses 10 Million Users
AI summary
Editorial policyUpdated on DevPick:

Meta's Q3 revenue rose 26% to $64.6 billion, but operating profit fell 37% due to settlement costs, while its AI agent 'Muse' surpassed 10 million users.

Key points

  • •Revenue for the July-September quarter increased by 26% to $64.6 billion.
  • •Operating profit decreased by 37% due to the accrual of massive settlement costs related to youth social media use.
  • •The user base for the AI agent 'Muse' exceeded 10 million, and a de facto stock split via the creation of non-voting shares was also announced.
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#Major Players#AI Agents#Meta#Muse

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