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Meta reported Q3 revenue of $34.15 billion, up 23%, and net income more than doubling to $11.58 billion (or $4.39 per share). The results come after the company suffered year-over-year revenue ...
Nearly all of Meta's revenue comes from advertising on its platforms, so a slight shortfall in user numbers also put a dent in an otherwise strong quarter. ... Meta's third-quarter profit surges ...
Meta, the most massive social media company on the planet, keeps growing bigger. The parent company of Facebook and Instagram reported Q3 2024 revenue of $40.58 billion, a quarterly record, up a ...
For the current quarter, Meta is forecasting revenue of $45 billion to $48 billion. Analysts are expecting $46.18 billion. “Meta’s solid quarter adds further evidence to the view that digital advertisers are choosing to spend their budget on the so-called market leaders, such as Facebook and Instagram, at the expense of the smaller social ...
"The beat in Meta's Q3 revenue and strong Q4 guidance mean investors should remain willing to look past its spending on AI and other initiatives," said Emarketer principal analyst Jasmine Enberg.
For the third quarter, Meta saw earnings per share (EPS) of $6.03 on revenue of $40.5 billion. Wall Street was expecting EPS of $5.25 on revenue of $40.2 billion, according to analyst estimates ...
For the current quarter, Meta said expects revenue of $39.5 billion to $41.8 billion. Analysts are expecting revenue at the high end of that range — $41.68 billion. The company also said it expects expenses in the range of $114 billion to $119 billion, driven by infrastructure costs and employee compensation.
Meta Platforms (NASDAQ: META) Q3 2024 Earnings Call Oct 30, 2024, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. ... Maybe just a follow-up first on Meta AI, Mark. I mean ...