{"id":11977,"date":"2023-10-25T21:38:01","date_gmt":"2023-10-25T19:38:01","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/10\/25\/meta-earnings-report-reveals-most-profitable-quarter-in-years\/"},"modified":"2023-10-25T21:38:01","modified_gmt":"2023-10-25T19:38:01","slug":"meta-earnings-report-reveals-most-profitable-quarter-in-years","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/10\/25\/meta-earnings-report-reveals-most-profitable-quarter-in-years\/","title":{"rendered":"Meta earnings report reveals most profitable quarter in years"},"content":{"rendered":"<p>Company reports third-quarter revenue of $34.15bn, beating expected $33.56bn, and shares jumped in after-hours trading<\/p>\n<p>Meta soared past analyst expectations in its third-quarter earnings report, solidifying investor confidence that the previously embattled tech company is out of the woods after several volatile years.<\/p>\n<p>The company reported a third-quarter revenue of $34.15bn, beating the expected $33.56bn, up 23% year-over-year. Shares jumped more than 10% in after-hours trading, with results boosting investor confidence after Meta spent several years in volatility as it attempted to restructure its business model and expand beyond the social media products it built its empire upon.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/oct\/25\/meta-earnings-report-profitable-quarter-facebook\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/19ed34167f8879b740284e8d9054bc386b98af77\/843_0_5934_3563\/master\/5934.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=e421b4953f94cd03a65cdbd132122799\" title=\"Meta earnings report reveals most profitable quarter in years\" \/>Company reports third-quarter revenue of $34.15bn, beating expected $33.56bn, and shares jumped in after-hours trading<br \/>\nMeta soared past analyst expectations in its third-quarter earnings report, solidifying investor confidence that the previously embattled tech company is out of the woods after several volatile years.<br \/>\nThe company reported a third-quarter revenue of $34.15bn, beating the expected $33.56bn, up 23% year-over-year. Shares jumped more than 10% in after-hours trading, with results boosting investor confidence after Meta spent several years in volatility as it attempted to restructure its business model and expand beyond the social media products it built its empire upon. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company reports third-quarter revenue of $34.15bn, beating expected $33.56bn, and shares jumped in after-hours trading Meta soared past analyst expectations in its third-quarter earnings report, solidifying investor confidence that the previously embattled tech company is out of the woods after several volatile years. The company reported a third-quarter revenue of $34.15bn, beating the expected $33.56bn, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/10\/25\/meta-earnings-report-reveals-most-profitable-quarter-in-years\/\"> <span class=\"screen-reader-text\">Meta earnings report reveals most profitable quarter in years<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":11978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11977"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=11977"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/11978"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=11977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=11977"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=11977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}