$0.00

No products in the cart.

Meta Exceeds Q3 Expectations on Strong Ad Growth, But 2025 Capex Uncertainty Weighs on Shares


Meta Platforms (NASDAQ:META) reported impressive third-quarter results, beating Wall Street’s earnings and revenue estimates thanks to robust ad impression growth and increased ad pricing. Despite the revenue beat, shares fell about 3% intra-day on Thursday as questions lingered around the company’s capital expenditure plans for 2025.
For Q3, Meta posted adjusted earnings per share of $6.03, surpassing the $5.21 consensus. Revenue hit $40.59 billion, a 19% year-over-year increase and slightly above the $40.18 billion forecast. Ad impressions across Meta’s suite of apps rose 7% year-over-year, while the average price per ad grew by 11%.
Meta’s family daily active people (DAP) metric also reached 3.29 billion in September, marking a 5% increase over last year, and free cash flow came in strong at $15.52 billion.
Looking ahead, Meta provided Q4 revenue guidance between $45 and $48 billion, with the midpoint above the $46.09 billion consensus. However, while Meta reiterated “significant growth” in 2025 capex for infrastructure, it indicated these expenses would be lower than in Q4.

Subscribe to get Latest News

Latest Articles

More like this