Meta’s Profit Rises 35%, Even As Spending Spree Continues
Updated 4:09 pm pdt, october 30, 2024. Profit was $15. 7 billion, up 35 percent from $11. 6 billion a year earlier. But meta also said it would continue a huge spending spree that has spooked wall street. The company said it expected revenue of $38. 5 billion to $41 billion for the current quarter, above wall street expectations of $39. 3 billion. Shares of meta rose more than 5.
Facebook and instagram’s parent company earnings show strength in core advertising business. Tiktok, meta, google state policies on paid political ads. For the three months ended on sept. Wed, october 30, 2024, 4:41 pm edt · 2 min read. Fabrice coffrini (getty images) facebook parent meta platforms (meta) saw its profits surge 35% in the third.