Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Home Newsletters Next Share

Live updates: Meta Q3 earnings call after the bell with stock riding high

Matthew FoxJan 13, 2024, 21:16 IST

Josh Edelson/AFP via Getty Images

Meta Platforms reports third-quarter earnings this afternoon after the closing bell.
Investors will be on high alert for updates on Instagram Reels and its success battling TikTok.

Meta Platforms reports third-quarter earnings on Wednesday, Oct. 25, after the closing bell.

Investors will be focused on the company's success battling rival TikTok via its short-form video product Instagram Reels. They will also use Meta's results as a gauge of health for the digital advertising market.

Meta has a lot on the line given that its stock has seen massive gains and is one of the best-performing mega-cap tech giants this year. Shares are up roughly 160% year-to-date and, have surged about 250% from 52-week lows.

Meta's consensus third-quarter revenue estimate is $33.52 billion.

3rd quarter

Revenue estimate $33.52 billion (Bloomberg Consensus)
- Advertising rev. estimate $32.94 billion
- Family of Apps revenue estimate $33.08 billion
- Reality Labs revenue estimate $313.4 million
- Other revenue estimate $211.7 million
Facebook daily active users estimate 2.07 billion
Facebook monthly active users estimate 3.05 billion
Ad impressions estimate +29.6%
- Average price per ad estimate -8.94%
Family of Apps operating income estimate $15.23 billion
Reality Labs operating loss estimate $3.94 billion
Average Family service users per day estimate 3.09 billion
Average Family service users per month estimate 3.88 billion
EPS estimate $3.60
Operating margin estimate 33.9%

Full-year 2023

Total expenses estimate $89.76 billion
Capital expenditure estimate $29.31 billion

Source: Bloomberg

Meet Archax, the 15-foot 'Transformers'-style robot that's the brainchild of a Japanese startup and is selling for $3 million