In the third quarter of the year, Meta recorded revenues of $40.59 billionwhich represents 19% compared to the same period last year. The market consensus was for 40.25 billion in sales. For its part, earnings per share amounted to $6.03 (an improvement of 37%), well above the $5.25 expected by the market. The company upgraded its revenue forecast for this year to $48 billion and pledged to increase spending by another $2 billion to $40 billion.
The company’s problem is that it has disappointed its active users. Quarterly figure stands at 3.290 million daily users on average, 5% more than a year ago. This figure is very close to the market consensus, which expected around 3.310 million. The company’s shares were trapped in high volatility, losing 3% in pre-market trading.
