Meta Delivers Strong Q3 Report And Upbeat Holiday Outlook; Daily Active Users Grow 5% To Nearly 3.3B

Platforms handily beat Wall Street analysts’ estimates in the third quarter, offering an upbeat view of the holiday quarter as its social networks combined to reach almost 3.3 billion daily users. Earnings per share jumped 37% from the year-earlier period to $6.03 on a diluted basis, with total revenue climbing 19% to $40.6 billion. Analysts had called for EPS of $5.25 and revenue of $40.29 billion. The number of daily active users across , Instagram and WhatsApp reached 3.29 billion, up 5% from the year-a ...