Menlo Park:Meta has reported a stronger-than-expected revenue performance for the third quarter, with figures surpassing market expectations and a positive sales outlook for the fourth quarter.

According to Anadolu Agency – English, Meta's revenue climbed 26% from a year earlier, reaching $64.6 billion, while earnings per share were reported at $3.83. The company has forecasted fourth-quarter revenue in the range of $73 billion to $76 billion, with the midpoint exceeding analysts' estimates. This news led to a 2.5% rise in Meta shares during extended trading.

Meta CEO Mark Zuckerberg highlighted the introduction of the Muse personal artificial intelligence assistant and the Muse Wonder model as significant achievements in the quarter. He noted that over 10 million users in the US and Canada have set up Muse personal agents in recent weeks, with 25% of users engaging daily. Shopping emerged as the primary use case for the assistant, with over a quarter of users involved in shopping-related activities and an average purchase value exceeding $200.

Additionally, Meta has adjusted its full-year capital expenditure forecast to between $135 billion and $145 billion, up from the previous lower end of $130 billion. This adjustment reflects the company's investment in expanding computing infrastructure for AI agents and foundational models. Meanwhile, daily active users across Meta's family of applications reached 3.64 billion in the third quarter, slightly below analysts' expectations.

In its Reality Labs division, which focuses on virtual reality and AI devices, Meta reported revenue of $443 million and an operating loss of $4.13 billion. Looking ahead, Meta announced plans to introduce non-voting Class C common stock in January 2027, with the shares to be distributed to existing shareholders via a dividend. This move is aimed at supporting financing for growth while maintaining the company's founder-led structure.