Muse Hits 5M Downloads, Q3 Revenue Seen Up ~24–25%
META sits 40% above its 52-week low of $520.26.
Summary
Meta's AI agent Muse has surpassed 5 million downloads in its first month and reached No.1 on U.S. app charts, driving a ~20% post-launch share gain. The company now guides Q3 2026 revenue up ~24–25% year-over-year with GAAP EPS above $3.60, reflecting AI-driven growth and rising capex. This follows the Q2 report where revenue rose 28% but net income fell 14% on surging AI costs and a $2.4B legal charge. The Muse traction and enterprise AI program signal a shift to asset-heavy growth, with debt issued to fund the buildout. Watch for the Q3 earnings release to confirm the revenue and EPS outlook.
At the time of this announcement, META was trading at $730.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $520.26 to $779.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.