Page 50 - Insider Intelligence News Today

Meta, based in Menlo Park, Calif., said that it earned $11.58 billion, or $4.39 per share, in the July-September quarter. That’s up from $4.4 billion, or $1.64 per share, a year earlier. Revenue rose 23% to $34.15 billion from $27.71 billion.

NEW YORK — Meta Platforms beat expectations for third-quarter profit and revenue on Wednesday (Oct 25), helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the holiday season. The owner of social media platforms Facebook and Instagram, which reported its best operating margins in two years, also trimmed expenses for the year. But the...

SAN FRANCISCO — Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.Microsoft saw its shares rise more than 3 per cent to $341.11 on earnings that underscored the momentum of its cloud business.Alphabet share prices, however, slipped more than 5 per cent to

Facebook parent Meta has posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. The

Meta Platforms, the owner of Facebook and Instagram, reported better-than-expected profits and revenue for Q3 2023. The companys strong performance was attributed to cost-cutting measures and a recovery in digital advertising ahead of the holiday season. Metas operating margins doubled to 40%, and it also reduced expenses for the year.

A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust.- Money matters - Over the past year, the platform's advertising business partially collapsed as marketers soured on X. Insider Intelligence forecasts that X will finish 2023 with $2.98 billion in ad revenue, compared to $4.14 billion in 2022.

Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. The stronger-thank-expected results followed Google parent Alphabet’s report Tuesday showing a rebound in earnings and revenue growth — a sign the online-advertising market is picking […]

Meta Platforms Inc: CEO Mark Zuckerberg, who promised in February that 2023 would be Metas "year of efficiency," told analysts on a conference call on Wednesday that he was pleased with the companys progress on that front.

Meta said today that its text-based social network Threads has under 100 million monthly users three months after its launch. Mark Zuckerberg noted during

Meta, the owner of Facebook and Instagram, beat expectations for third-quarter profit and revenue on Wednesday, helped by its ongoing austerity drive.