Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have topped 10 million

What happened: Meta Platforms reported third-quarter profit up more than threefold on sharply higher revenue, and CEO Mark Zuckerberg said more than 10 million people in the U.S. and Canada have set up Muse accounts. Key numbers: Net income $9.86 billion, or $3.83 per share, versus $2.71 billion, or $1.05 per share, a year earlier. Why it matters: The revenue beat and fourth-quarter outlook midpoint above the $73.65 billion analysts expect point to continued momentum, and Zuckerberg said the company's investments are paying off with a strong core business.

Meta Platforms reported third-quarter profit up more than threefold on sharply higher revenue, and CEO Mark Zuckerberg said more than 10 million people in the U.S. and Canada have set up Muse accounts.

The revenue beat and fourth-quarter outlook midpoint above the $73.65 billion analysts expect point to continued momentum, and Zuckerberg said the company's investments are paying off with a strong core business.