Meta jumps 4% after beating revenue and profit expectations in the third quarter
Meta reported third-quarter revenue of $64.6 billion, above the $63.33 billion expected, and earnings per share of $3.83, driven by advertising. Its shares rose 4% and lifted the Nasdaq. Operating income came in below expectations at $12.99 billion versus an estimated $20.85 billion. For the fourth quarter it projects revenue of between $73 billion and $76 billion and raised its annual expense forecast to $175-179 billion, including a $9.9 billion legal charge.
In 35 seconds
- Meta beat revenue and earnings-per-share expectations in the third quarter, with $64.6 billion in revenue.
- Operating income was $12.99 billion, below the estimated $20.85 billion.
- The company raised its annual expense forecast to a range of $175 billion to $179 billion, including a $9.9 billion legal charge.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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