25-10-2023 23:12 via theguardian.com

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 tradingMeta 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. Its CEO, Mark Zuckerberg, said the company enjoyed its “highest operating margin in two years”.The company reported a third-quarter revenue of $34.15bn, beating the expe
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