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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.
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 ...
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.
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.”
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 are bullish on Meta earnings ahead of the Facebook parent's third-quarter report. Bank of America named Meta a "top AI pick."
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 ...