Meta Platforms reported third-quarter earnings of $6.03 per share, a 16.18% beat against estimates, showcasing a 37.4% year-over-year growth, signaling strong market performance.
With revenue reaching $40.589 billion, a 18.9% increase year over year, Meta's AI initiatives and user engagement enhancements are poised to drive future growth.
The Family Daily Active People metric reached 3.29 billion, reflecting a 4.8% year-over-year increase, indicating robust user engagement across Meta’s platforms.
Advertising revenues also rose 18.6% year over year, accounting for the bulk of Family of Apps revenues, underscoring the importance of advertising in Meta's business strategy.
Collection
[
|
...
]