“`html
Key Financial Updates
Meta Platforms (NASDAQ: META) reported a 26% revenue increase in Q3, driven by a 14% rise in ad impressions and a 10% increase in average ad prices. Despite strong financial performance, its stock declined due to aggressive spending strategies. The company has recently begun serving ads on WhatsApp and Threads, enhancing its revenue-generating potential.
Pinterest (NYSE: PINS) experienced a significant stock drop despite achieving a 17% year-over-year revenue growth and 24% rise in adjusted EBITDA. Currently trading at a forward P/E ratio of 13x, Pinterest continues to expand its international user base and has developed its own AI-driven multimodal large language model for enhanced advertising.
GitLab (NASDAQ: GTLB) has consistently grown revenue by over 25%, countering bearish sentiments about AI reducing coding jobs. The stock remains low-priced with a price-to-sales multiple below 6.4, despite near 90% gross margins. GitLab’s transition to a hybrid seat-plus-usage pricing model is expected to further boost growth.
“`
