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Meta wants to pay for its broad AI buildout with a newly created class of stock
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Meta announced on Wednesday it will create a new class of non-voting stock to fund its AI buildout, CFO Susan Li confirmed during the Q3 earnings call. The shares will be distributed to existing shareholders as a stock dividend, preserving voting power for Class A and B shareholders while expanding funding tools.
Meta has aggressively pushed into AI this year, releasing models like Muse Spark, Muse Glimmer, Muse Wonder, and the open-weight Muse Spark Open. It also launched a coding agent, Muse Code, and introduced cuddly avatars for its Meta Muse assistant to make AI more relatable.
Meta’s Q3 revenue reached $64 billion, up 26% year over year, but costs and expenses jumped 68%. The company expects Reality Labs losses to shrink to $18–19 billion in 2025 from previous levels. These figures came as Meta reported strong earnings that beat Wall Street expectations.
The new stock class will give Meta flexibility for capital raising, employee compensation, acquisitions, and other corporate purposes, Li said. It also preserves the founder-led structure and allows investment behind the “unprecedented momentum” driven by AI, she added. The shares are designed to be publicly traded non-voting stock while maintaining existing voting power.
CEO Mark Zuckerberg said more than 10 million people in the U.S. and Canada set up Muse personal agents in just a month and a half. Growth remains strong, with the app often number one in the App Store. Zuckerberg noted Muse has clear product-market fit and is entering a scaling phase.
Meta expects to grow Muse’s appeal to eventually serve billions of people, Zuckerberg said. However, the company continues to face regulatory and legal scrutiny, including youth-related trials scheduled in the U.S. in the coming months. Li said Meta monitors these matters closely.
