Meta Posts Record $64.6B Revenue, Raises AI Spending as Muse Tops 10M Users

Big Tech 📅 Oct 22, 2026 ✍️ Aamir Raza

Meta Goes All In on AI

Revenue hit a record $64.6 billion — but Zuckerberg is spending even bigger to win the AI race. LexxWire

Sales rose 26% on strong ads. Profit took a $9.9 billion hit from teen-safety legal settlements. LexxWire

Meta raised the floor of its 2026 spending plan, pouring cash into data centers and chips. LexxWire

The AI agent app passed 10 million users in weeks — and shopping is what people use it for most. LexxWire

Meta will issue non-voting Class C shares to bankroll the AI push without giving up control. LexxWire