Meta Platforms, Inc. (NASDAQ: META), the mum or dad firm of social networking behemoth Fb, Wednesday mentioned its third-quarter revenue elevated sharply on sturdy income progress. Earnings beat estimates.
Web revenue rose to $15.69 billion or $6.03 per share within the September quarter from $11.58 billion or $4.39 per share within the corresponding interval of 2023. The underside line exceeded Wall Road’s expectations.
The sturdy earnings efficiency displays a 19% progress in third-quarter revenues to $40.6 billion, aided by continued sturdy promoting progress.
