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- ๐ Meta Soars in Earnings Season ๐ฐ๏ธ
๐ Meta Soars in Earnings Season ๐ฐ๏ธ
PLUS: Trending Tools โ๏ธ
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Meta Soars in Earnings Season๐ฐ๏ธ
Asteroids โ๏ธ
Trending Tools โ๏ธ
Meta Soars in Earnings Season ๐ฐ๏ธ
Earnings season is upon us, and Meta has truly outshone expectations with an impressive third-quarter report, proving itโs 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.
Hereโs all the digits you need to know for META:
Total Revenue: $34.15 Billion (+23%)
Net Income: $11.58 Billion (+164%)
Earnings Per Share: $4.39
Metaโs 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.
Theyโve 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
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โ๏ธ Trending Tools โ๏ธ
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