In the third quarter of the year, Meta recorded revenues of $40.59 billionwhich represents 19% compared to the same period last year. The market consensus expected 40.25 billion sales. For its part, earnings per share amounted to $6.03 (an improvement of 37%), well above the $5.25 expected by the market. The company has improved its revenue forecasts for this year to 48 billion and has committed to increasing spending by 2 billion more to 40 billion dollars.
The company’s problem is that it has disappointed its active users. The figure for the quarter stood at 3,290 million daily users on average, 5% more compared to a year ago. The figure has been very close to the market consensus, which expected around 3,310 million. The company’s shares have been trapped in strong volatility, losing 3% in the pre-market.
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