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  • ๐Ÿš€ Meta Soars in Earnings Season ๐Ÿ’ฐ๏ธ

๐Ÿš€ Meta Soars in Earnings Season ๐Ÿ’ฐ๏ธ

PLUS: Trending Tools โš’๏ธ

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Here's what we're serving up today:

  • Meta Soars in Earnings Season๐Ÿ’ฐ๏ธ 

  • Asteroids โ˜„๏ธ

  • Trending Tools โš’๏ธ 

Meta Soars in Earnings Season ๐Ÿ’ฐ๏ธ 

Earnings season is upon us, and Meta has truly outshone expectations with an impressive third-quarter report, proving itโ€™s not just keeping pace in the tech race but actually setting new industry standards and outperforming its rivals.

Meta's stock has surged by approximately 150% this year, making it one of the top performers in the S&P 500.

Hereโ€™s all the digits you need to know for META:

  1. Total Revenue: $34.15 Billion (+23%)

  2. Net Income: $11.58 Billion (+164%)

  3. Earnings Per Share: $4.39

Metaโ€™s performance is even more impressive when compared to its peers. Google's parent company, Alphabet, reported a 9% increase in ad revenue, while Snap saw a revenue growth of just 5%.

Meta has more than doubled Alphabet's 9% bump in advertising revenue, highlighting its dominance in the advertising sector.

Theyโ€™ve not only excelled in revenue and user engagement, but also demonstrated remarkable efficiency. Expenses for 2023 are expected to range between $87 billion and $89 billion, a reduction from previous projections.

With impressive revenue growth, user engagement, and stock performance, Meta has solidified its status as a tech titan, and the future looks bright for this digital powerhouse.

โ˜„๏ธ Asteroids โ˜„๏ธ

One year into Musk's reign at X, user engagement and growth seem to be slowing a tad. Still, premium users are more active, and X is wooing back advertisers. ๐Ÿ“‰๐Ÿ‘€

Cruise has hit the brakes on its driverless operations after a hiccup with the California DMV. Aiming to rebuild trust, they're sticking to supervised rides for now. Safety first! ๐Ÿš—๐Ÿ’จ

Meta's Threads now lets you create polls and add GIFs right in the composer! Plus, Instagram's testing view counts and pinned posts. Threads is surely catching up fast! ๐Ÿš€๐Ÿ“Š

โš’๏ธ Trending Tools โš’๏ธ

๐Ÿ”Ž Webpage Sherlock - Page insights in a single click

๐Ÿฅ MedReport - Transform healthcare reporting using AI

๐Ÿ–Œ๏ธ FlowRL - Realtime UI Personalization powered by AI

๐ŸŽค Synclabs - API for realtime lip-sync

๐Ÿ“ฐ Recommended Reading ๐Ÿ“ฐ

1/ Learn how to maximize your credit cards and travel in style. Click here to check it out.

2/ Checkout the latest marketing tools, techniques and news read by teams at Apple, Microsoft and more by clicking here.

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