[EARNINGS CALL] Meta (META) CEO says Co. expects to grow Muse to serve billions of people, adding that more than 10mln people in the US and Canada have set up Muse personal agents in just a month and a half

CEO Working on new smaller models that are coming out soon and will deliver muse Wonder level Intelligence more efficiently. Existing Family of apps users generate several hundred dollars annually in revenue per user and expect muse will reach an even higher level over time. Company is developing smaller, more efficient AI models. Muse AI could generate several hundred dollars more in annual revenue per user than its existing family of apps, with further growth expected over time. About to ship Muse Charm. Expects Reality Labs' operating loss to reach around USD 15bln before trending lower. CFO On Instagram, global time spent per user reached an all-time high and grew double digits year over year in Q3, with strength across both Reels and Feed. On Facebook, Reels time spent reached all-time highs both globally and in the US, with both growing double digits year over year. Threads also continued to scale, with time spent per user growing over 20% year over year.