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Facebook (META) Q3 2024 earnings results beat EPS and revenue expectations

Facebook's parent company managed to top expectations for both EPS and revenue this quarter.

October 30, 2024 1:40 PM

Facebook (META) is out with its Q3 2024 earnings report. It shows that the company behind Facebook, Instagram, and Threads beat EPS and revenue expectations.

Facebook’s Q3 2024 earnings report was published at the close of markets today. It shows that the company made $40.69 billion in revenue, beating the estimate of $40.3 billion. In terms of EPS, Facebook brought in $6.03 per-share. This beats the expectation of $5.25.

"We had a good quarter driven by AI progress across our apps and business," said Mark Zuckerberg, Meta founder and CEO. "We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses."

Facebook (META) stock took a dive in after-hours trading before eventually rebounding. It dropped as low as $574.87 before climbing up to $591.99.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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