Meta Platforms(US:META) Benzinga·2025-10-30 08:11Core Insights - Meta Platforms, Inc. is optimistic about the profitability of its wearables business, particularly in smart glasses and augmented reality devices, with CEO Mark Zuckerberg stating it could become "an extremely profitable business" in the future [1][4] - The company is focusing on not just hardware sales but also on developing services and AI features that will enhance the user experience and create additional revenue streams [1][2] Financial Performance - For Q3, Meta reported diluted earnings per share of $1.05, impacted by a one-time, non-cash income tax charge of $15.93 billion, making it not directly comparable to Wall Street estimates of $6.68 per share [5] - The company projects Q4 revenue between $56 billion and $59 billion, exceeding the analyst consensus of $57.21 billion [5] Product Development and Market Response - The Ray-Ban Meta and Oakley Meta products are performing well, with strong sales and positive customer feedback on features like battery life and camera quality [2][6] - Meta's new Ray-Ban display glasses and the Meta Neural Band sold out in nearly every store within 48 hours, indicating strong consumer interest [6] Long-Term Vision - Meta is committed to advancing augmented reality products, with ongoing investments in prototypes like the Orion, aiming to reach hundreds of millions or billions of users, which could lead to significant profitability [3][4]