Meta adds more users in Q3, projects more AI investment

Meta has published its latest performance update, showing steady increases in revenue and usage, as it continues to invest big on the AI and VR future.
First off, on users. Meta added 60 million more users across its suite of apps in Q3, taking it to 3.54 billion overall.We don’t have platform-specific data, only this cumulative counter for all unique users across Facebook, Instagram, Messenger, WhatsApp and Threads. But the top-line figure shows that Meta continues to steadily add more users over time, despite its already massive scale. In terms of revenue, Meta brought in $51.24 billion in Q3, an increase of 26% year-over-year. Meta still generates the vast majority of its income from its ad business (97%).

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