Record Revenue and Engagement Growth
Q3 total revenue was $51.2 billion, up 26% year-over-year, with significant engagement growth across Facebook, Instagram, and Threads.
AI Advancements Driving Business
Meta's AI-powered ad tools achieved an annual run rate of $60 billion, with significant improvements in ad ranking systems leading to better performance and efficiency.
Strong Performance in Reality Labs
Reality Labs revenue was $470 million, up 74% year-over-year, driven by strong AI glasses revenue and Quest headset sales.
Significant Growth in Video Engagement
Video time spent on Instagram increased by more than 30% since last year, with Reels reaching an annual run rate of over $50 billion.
Meta AI and Business AI Expansion
Over 1 billion monthly actives use Meta AI, with business AI enabling millions of conversations for businesses, improving sales at low cost.