Meta’s Threads app has nearly 100 million customers, says Mark Zuckerberg

The rumors of Threads’ early demise have been exaggerated.

Meta’s competitor to Elon Musk’s X has hit “slightly 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 pleased with the trajectory,” he mentioned, echoing the bullish feedback he made about how Threads is doing throughout a latest interview with The Verge. “We’re now attending to the purpose the place we’re going to be specializing in rising the group additional. From what we are able to inform, individuals adore it up to now.”

“I’ve thought for a very long time there must be a billion-person public conversations app that is a little more constructive,” Zuckerberg mentioned on Wednesday’s name. “I feel that if we maintain at this for just a few extra years, then I feel now we have probability of attaining our imaginative and prescient there.”

Meta CFO Susan Li shared some optimism, too. “Threads additionally stays a compelling long-term alternative, and we’re excited to construct on the sturdy product momentum now we have going into subsequent 12 months,” she mentioned in the course of the name.

As a part of its third-quarter earnings report, Meta mentioned that it earned $34 billion in income, up 23 p.c 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.

Replace October twenty fifth, 7:32PM ET: Added submit from Adam Mosseri.