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

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

Matthew Fox

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

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

Matthew Fox

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

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