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

Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as the social media giant's revenue climbed sharply.The parent company of Facebook and Instagram reported net income of $9.86 billion, or $3.83 per share, for the July-September period. That’s up from a profit of $2.71 billion, or $1.05 per share, in the same period a year earlier.Revenue grew 26% to $64.60 billion, up from $51.24 billion in the prior-year quarter and above the $63.34 billion expected by Wall Street analysts.“We hit major milestones this quarter toward delivering personal superintelligence for everyone — including launching Muse and Muse Wonder, our first frontier model,” said CEO Mark Zuckerberg in a statement. “Our investments are paying off, the core business is strong, and we’re seeing velocity across the board.”In August, Meta reached an $18 billion settlement with 48 U.S. states over the effects of social media on teen mental health. The company agreed to take steps to keep ch