Meta announced its balance sheet for the third quarter of this year. Accordingly, the company’s revenue in the third quarter increased by 19 percent compared to the same period last year, reaching 40.5 billion dollars. Meta earned $34.1 billion in revenue in the same period last year.
The company’s revenue during this period was above market expectations.
Meta’s net profit increased by 35 percent in the third quarter of this year, reaching 15.6 billion dollars. The company announced a profit of 11.5 billion dollars in the same period last year.
The company’s earnings per share, which was $4.39 in the third quarter of last year, increased to $6.03 in the same period this year.
Meta’s profits also exceeded market expectations during the period in question.
The company reported that it expects revenue between $45 billion and $48 billion in the fourth quarter of the year.
In his assessment of the company’s financial results, Meta Chief Executive Mark Zuckerberg said, “We had a good quarter thanks to the advancement of artificial intelligence in our applications and business.” he said.
Source: www.dunya.com
