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Facebook-parent Meta beats revenue estimates on digital ad strength

NEW YORK: Meta Platforms beat expectations for third-quarter profit and revenue on Wednesday (Oct 25), helped by an austerity drive and a recovery in digital advertising ahead of the holiday season. The company, which reported its best operating margins in two years, also trimmed expenses for the year.
Jeremy Goldman Meta Platforms Insider Intelligence Reality Labs

Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue

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 up after a slump in the past couple of years. Meta, based in Menlo Park, California, said that it earned $11....
Menlo Park United States District Of Columbia Jeremy Goldman Meta Platforms Inc Insider Intelligence
Source: yahoo.com

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Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue

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 up after a slump in the past couple of years. Meta, based in Menlo Park, California, said that it earned $11....
District Of Columbia United States Menlo Park Jeremy Goldman Meta Platforms Inc Insider Intelligence
Source: yahoo.com

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