Meta Q3 revenue surges to $34B on advertising demand, sending shares soaring

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Meta Q3 revenue surges to $34B on advertising demand, sending shares soaring
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The company also trimmed its 2023 total expenses view to $87 billion to $89 billion from its earlier forecast range of $88 billion to $91 billion.

Revenue rose 23% to $34.15 billion for the quarter ended September. Analysts were expecting revenue of $33.56 billion, according to LSEG data.

Meta saw 7% growth in daily active people – a metric it uses to track unique users who used any one of its apps such as Facebook, Instagram, Messenger or WhatsApp in a day. DAP grew 7% in the preceding June quarter.

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