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

Matthew Fox   

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

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