Meta’s third-quarter profit surges 35% reflecting strong ad revenue and its AI push ...Middle East

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AP Technology Writer Meta Platforms Inc. posted stronger-than-expected results for the third quarter on Wednesday as its advertising revenue continued to grow. For the three months ended on Sept. 30, the Menlo Park, California-based company earned $15.69 billion, or $6.03 per share, up 35% from $11.58 billion, or $4.39 per share, in the same period a year earlier. Revenue rose 19% to $40.59 billion from $34.15 billion. Analysts, on average, were expecting earnings of $5.22 per share on revenue of $40.21 billion, according to FactSet Research. “We had a good quarter driven by AI progress across our apps and business,” CEO Mark Zuckerberg said in a statement. “We also have strong

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Last updated : 31 October 2024 clock 12:01 AM

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Meta’s third-quarter profit surges 35% reflecting strong ad revenue and its AI push ...Middle East

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