Overview
- Meta reported third‑quarter revenue of $51.2 billion, up 26% year over year, with Family Average Revenue per Person rising to $14.46.
- The company reaches more than 3.5 billion monthly users across Facebook, Instagram, Messenger, and WhatsApp.
- CFO Susan Li said progress on AI models and products is expected to open new revenue opportunities over time.
- Meta plans to invest aggressively through in‑house infrastructure and third‑party cloud contracts, with employee compensation the second‑largest driver of expense growth.
- Shares fell as much as 12% on Oct. 30 following the update on spending plans, while voices such as Jim Cramer publicly backed the strategy as a defense against rivals like OpenAI.