The rumors of Threads’ early demise have been exaggerated.
Meta’s competitor to Elon Musk’s X has hit “just below” 100 million month-to-month customers because it was launched in early July, CEO Mark Zuckerberg introduced Wednesday throughout his firm’s quarterly earnings name.
“We’re three months in now, and I’m very proud of the trajectory,” he mentioned, echoing the bullish feedback he made about how Threads is doing throughout a current interview with The Verge. “We’re now attending to the purpose the place we’re going to be specializing in rising the neighborhood additional. From what we are able to inform, folks like it up to now.”
“I’ve thought for a very long time there needs to be a billion-person public conversations app that is a little more constructive,” Zuckerberg mentioned on Wednesday’s name. “I believe that if we hold at this for just a few extra years, then I believe now we have a very good likelihood of reaching our imaginative and prescient there.”
Meta CFO Susan Li shared some optimism as nicely. “Threads additionally stays a compelling long-term alternative, and we’re excited to construct on the robust product momentum now we have going into subsequent 12 months,” she mentioned throughout the name.
As a part of its third-quarter earnings report, Meta mentioned that it earned $34 billion in income, up 23 % from the identical quarter final 12 months. Nevertheless, it’s nonetheless burning money with its Actuality Labs division; the corporate expects its working losses there to extend “meaningfully” year-over-year.