Meta Q3 earnings: Wall Street eyes Muse AI monetization plans

Meta is expected to report third-quarter earnings Wednesday, with Wall Street focused on how the company plans to monetize its new Muse AI agent, which debuted last month and has been seen as a boost to the AI trade. Analysts from major banks are largely bullish, with Bank of America viewing revenue consensus as too low and JPMorgan noting a $10 billion legal cost tied to a settlement over app impacts on children. Wells Fargo highlighted Muse's performance, citing over 2 million daily active users, while Deutsche Bank sees it as signaling a rich product cycle. RBC Capital Markets is looking for details on business agent adoption, viewing Muse as Meta's top near-term monetization opportunity outside core advertising. Meta is expected to report earnings per share between $5.60 and $6.58 and revenue of $63 billion for the quarter.