Meta reported quarterly revenue of $64.6 billion, up 26% year over year and above the $63.37 billion consensus estimate. Diluted earnings per share came in at $3.83, or $7.40 excluding a $9.89 billion legal settlement charge related to teen addiction litigation, and the stock rose 2% after the results. More than 10 million people in the United States and Canada have already set up Muse, with about 25% using it daily and more than 25% engaging in agent-assisted shopping. Zuckerberg plans to monetize Muse through commerce transaction commissions, paid tiers for power users and an enterprise platform, while targeting a more than tenfold improvement in compute efficiency within a year. Meta guided to fourth-quarter revenue of $73 billion to $76 billion, with 2026 expenses projected at $175 billion to $179 billion and capital expenditures at $135 billion to $145 billion. Reality Labs recorded a $4.13 billion loss, while analyst Jim Cramer maintained his $800 share-price target and hold-equivalent rating.
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