Meta Platforms (META) revenue in the third quarter was 64.60 billion USD (+26.1% y/y), and net income increased by 264.0% y/y to a level of 9.86 billion USD.

Quarterly results#

Earnings per share (GAAP) reached 3.83 USD (+264.8% y/y), while earnings per share (GAAP, diluted) was 3.86 USD (+257.4% y/y).

Company guidance#

In the fourth quarter, the company expects revenue in the range of 73.00 billion USD – 76.00 billion USD, and estimates capital expenditures at 135.00 billion USD – 145.00 billion USD or 130.00 billion USD – 145.00 billion USD.