Meta reports 26% revenue rise to $64.6 billion, profit triples on AI gains
Briefing by News4U · First published
Meta's third-quarter revenue reached $64.6 billion and profit more than tripled, driven by AI investments.
Meta Platforms reported third-quarter revenue of $64.6 billion, a 26% increase, and said profit more than tripled, attributing the gains to AI spending. [1] [2]
CEO Mark Zuckerberg highlighted the Muse AI agent, which reached 10 million users six weeks after launch, and urged further AI investment. [2]
Sources
- Meta shares jump 5% as AI investments fuel revenue growth
Euronews Business · · Summary only
- Meta's Zuckerberg pitches AI successes to investors with 26% rise in quarterly revenue
France 24 English · · Excerpt