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Meta beat analysts' Q3 top- and bottom-line estimates for the quarter, ... Meta posts Q3 earnings beat, but stock falls on heavy spending plans. Daniel Howley. October 31, 2024 at 9:38 AM.
Meta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday fueled by its advertising revenue growth and its push to incorporate artificial intelligence.
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 ...
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 ...
Meta Platforms Inc. posted stronger-than-expected results for the third quarter on Wednesday as its advertising revenue continued to grow. For the three months ended on Sept. 30, the Menlo Park, California-based company earned $15.69 billion, or $6.03 per share, up 35% from $11.58 billion, or $4.39 per share, in the same period a year earlier.
And that's it's for the earnings call. Meta's stock is trading down around 2% in after-hours trading as the call concludes. ... We estimate Q3 growth decelerated to 18% from 22% in Q2 and see ...
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 turned in record Q3 results, as its revenue jumped 19% year over year to $40.6 billion. Ad revenue climbed nearly 19% to $39.9 billion, ... Is it time to buy Meta stock?