Meta stock surges after earnings beat with a $64 billion revenue, but operating profits slumped

Meta shares jumped 2.5% in extended trading Wednesday after the Facebook parent beat Wall Street’s third-quarter revenue expectations, bringing in $64.60 billion against forecasts of $63.37 billion. While Meta’s revenues surged by 26%, its operating income was negatively affected, giving investors an ambiguous perspective on the firm’s financial health. Earnings came to $3.83 per share, though it is still unclear if that figure can be compared with analysts’ $5.75 expectation. Meta expects more revenue as AI investments keep growing The company expects fourth-quarter revenue of $73 billion to $76 billion, with the middle of that range sitting at $74.5 billion. Wall Street had penciled in $73.73 billion, based on LSEG estimates.

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