Meta Q3 revenue tops estimates, with Muse accounts topping 10m, says Zuckerberg

Meta Platforms said on Wednesday that its third-quarter profit jumped more than threefold, as the social media giant’s revenue climbed sharply. The parent company of Facebook and Instagram reported net income of US$9.86 billion, or US$3.83 per share, for the July-September period. That’s up from a profit of US$2.71 billion, or US$1.05 per share, in the same period a year earlier. Revenue grew 26 per cent to US$64.60 billion, up from US$51.24 billion in the prior-year quarter and above the US$63.34 billion expected by Wall Street analysts.