Meta Platforms Reports Strong Q3 Earnings Growth

(RTTNews) – Meta Platforms, Inc. (META) announced impressive earnings for the third quarter, surpassing figures from the same time last year.

Consistent Growth in Earnings and Revenue

The company posted earnings of $15.69 billion, equating to $6.03 per share. This represents a significant increase compared to $11.58 billion, or $4.39 per share, during the third quarter of the previous year.

Revenue also saw an upward trend, climbing 18.9% to reach $40.59 billion, up from $34.15 billion in the same quarter last year.

Meta Platforms, Inc. Q3 Financial Snapshot

Here are the key figures for Q3 (GAAP):

• Earnings: $15.69 billion vs. $11.58 billion last year
• EPS: $6.03 vs. $4.39 last year
• Revenue: $40.59 billion vs. $34.15 billion last year

Future Expectations

Guidance: For the next quarter, Meta anticipates revenue between $45 billion and $48 billion.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.