Meta is deepening its investment in artificial intelligence and has announced a new class of shares that could help finance the effort. During the company’s third‑quarter earnings call on Wednesday, CFO Susan Li confirmed that Meta will create a non‑voting capital stock and distribute it to existing shareholders as a stock dividend. Li said the new shares are intended to serve as a publicly traded, non‑voting instrument for raising capital, compensating employees, making acquisitions and other corporate purposes while preserving the voting power of current Class A and B holders. The move is meant to keep Meta’s founder‑led structure intact and give the company more flexibility to invest in the “unprecedented momentum” it sees across the business, driven by AI.
The earnings report showed strong performance, with revenue reaching $64 billion, a 26 percent increase from a year earlier. Expenses also rose, climbing 68 percent year over year. Reality Labs, the division behind Meta’s AR glasses, VR headsets and related software, continues to lose money, though losses are expected to narrow to between $18 billion and $19 billion by 2025.
Over the past year Meta has rolled out several AI models, including Muse Spark and Muse Glimmer earlier this year, followed by Muse Wonder and Muse Spark Open, an open‑weight model whose parameters are publicly available. The company also introduced Muse Code, a coding assistant for developers. At the recent Meta Connect event, Meta unveiled a line of friendly avatars for its AI assistant, Meta Muse, aiming to make the service more relatable and meme‑friendly.
According to CEO Mark Zuckerberg, the AI products are gaining traction. “In just a month and a half, more than 10 million people in the U.S. and Canada have set up Muse personal agents,” he said on the earnings call. “Growth continues to be strong, and we have been number one in the App Store almost every day.” He added that now that Muse has clear product‑market fit, the company is moving into an operational phase focused on scaling the service, with the goal of eventually serving billions of users.
Li also warned that regulatory and legal challenges remain. “We continue to monitor active legal and regulatory matters that could significantly impact our business and financial results,” she said, citing ongoing scrutiny of youth‑related issues and upcoming trials in the United States.