Meta Platforms Q3 Earnings: Revenue Beat, EPS Beat, Daily Actives Up 5%, 'Strong Momentum' In AI (CORRECTED)
Portfolio Pulse from Adam Eckert
Meta Platforms reported strong Q3 earnings, beating analyst estimates with $40.59 billion in revenue and $6.03 EPS. Daily active users increased by 5%, and ad impressions rose by 7%. The company highlighted AI advancements and expects Q4 revenue between $45 billion and $48 billion.
October 30, 2024 | 8:33 pm
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Meta Platforms reported Q3 earnings that exceeded expectations, with significant growth in revenue and daily active users. The company is seeing strong momentum in AI and expects higher Q4 revenue.
Meta's Q3 earnings beat expectations on both revenue and EPS, indicating strong financial performance. The increase in daily active users and ad impressions suggests robust user engagement and advertising growth. The company's focus on AI and positive revenue outlook for Q4 further supports a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100