Meta Stock Spikes 4% After Q3 Revenue Surges 26%
Photo: Coinpedia
META stock surged 4% in the after hours after its Q3 earnings report revealed a 26% surge in revenue to an all-time high of $64.60 billion. The August $9.89B legal charge tied to its prominent teen mental health case has eaten into EPS and caused higher projections on this year's spending. Meta projects even higher revenue of up to $76B for Q4, confident in its ad and AI revenue models. Meta Platforms (Nasdaq: META) had today released its earnings report, highlighting a 26% surge in revenue year-over-year, causing shares to rise 4% in the after hours.
Also reported by Cryptopolitan.
Source: Coinpedia
