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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 ...
Meta reported third-quarter earnings after the closing bell on Wednesday. Its quarterly revenue of $40.59 billion exceeded analysts' estimates. User growth slightly missed expectations.
Good afternoon, and welcome to Meta Platform's third quarter 2024 earnings conference call. Joining me today to discuss our results are Mark Zuckerberg, CEO; and Susan Li, CFO.
Analysts, on average, were expecting earnings of $5.22 per share on revenue of $40.21 billion, according to FactSet Research. “We had a good quarter driven by AI progress across our apps and business,” CEO Mark Zuckerberg said in a statement. “We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses.”
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.
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. Nearly all of ...
Facebook parent Meta reported its Q3 earnings on Wednesday, meeting expectations on revenue and offering lighter than expected guidance for Q4.Here are the most important numbers from the report ...
Meta's metaverse-related Reality Labs lost $3.7 billion in the third quarter, taking its losses for the year to $9 billion. Meta shares crater 24% after its earnings and revenue outlook miss ...