What time does Meta report earnings Wednesday? Here's how to tune in.

Core Insights - Meta is expected to report a profit growth of 14% in Q3, a decrease from 27% in Q2 [1] - The anticipated revenue for Q3 is between $47.5 billion and $50.5 billion [2] - Wall Street analysts project a revenue growth of 22% year-over-year to $49.4 billion [5] Financial Performance - Meta has a history of exceeding Wall Street estimates, with a 12% stock increase following its last earnings report [1] - The company reported stronger-than-expected earnings in the first two quarters of the year [1] Upcoming Earnings Report - The earnings report will be released on October 29 after market close, followed by a conference call at 4:30 p.m. ET [4] - Meta is the first among the "Magnificent Seven" companies to report this week [2][3] AI Investment - The company is increasing its investment in AI, aiming to create a "personal superintelligence" [6] - Meta has the resources to build AI infrastructure, but expects AI-related costs to continue rising, with capital expenditures projected up to $72 billion for the year [7]