<p class="ingestion featured-caption">Chesnot/Getty Images</p><ul class="summary-list"><li>Meta reports third-quarter earnings after the closing bell on Wednesday.</li><li>The company is expected to report revenue of $40.25 billion.</li></ul><p>It's a big day for one of Wall Street's largest tech titans.</p><p>Meta will report its earnings for the third quarterafter the closing bell, and Wall Street is feeling upbeat heading into the results.</p><p>Analysts are gearing up for another strong quarter of revenue and earnings for the Facebook parent, thanks to the company's use of AI in its ads business and <a target="_blank" rel class href="https://www.businessinsider.com/meta-reorganized-major-businesses-eliminated-roles-whatsapp-instagram-reality-labs-2024-10?utm_medium=ingest&utm_source=markets&_gl=1*1v9ojys*_ga*OTI1ODIwOTQ2LjE3MTYzOTg2NjU.*_ga_E21CV80ZCZ*MTczMDI5MTI2NS40OTkuMS4xNzMwMjkxNjkxLjM2LjAuMA.."><u>sweeping cost cuts</u></a> implemented over the past year.</p><p>Shareholders will be keeping an eye out for updates on Meta's future growth prospects, with focus on the company's fourth-quarter guidance, as well as a search engine Meta is reportedly working on to supplement its AI chatbot.</p><p>Meta shares rose as much as 2% early Wednesday, before paring gains to trade mostly flat. The stock is up 68% year-to-date. </p>