Meta crushes earnings expectations in Q3

Meta, the parent company of Facebook, achieved profits and revenues that exceeded market expectations on Wednesday, according to a financial performance report issued for the third quarter of the current.

The company achieved profits of $4.39 per share, which exceeded market expectations, which indicated $3.63 per share. The company’s revenues also rose to $34.15 billion, compared to expectations of $33.56 billion.

The total number of users of the company’s social media applications surged to 2.09 billion users, compared to the expectations of the “Street Account” market research firm, which indicated 2.07 billion users.

The monthly number of active users also rose to 3.05 billion, which was in line with the expectations of the “Street Account” market research firm, which indicated the same number.

The average revenue per user rose to $11.23 per user, compared to $11.05 indicated by the expectations of the “Street Account” market research.