Meta Beats Q3 Earnings Expectations with Robust User Growth and Strong Ad Revenue

Meta Platforms reported strong Q3 earnings and revenue that beat analyst estimates.

Revenue was $34.15 billion, up 23.2% year-over-year and beating expectations by $700 million.

User growth remained robust with 3.14 billion daily active users, up 7%.

Ad revenue was the main driver, hitting $33.6 billion, up 24% year-over-year.

Meta is focused on driving efficiency, lowering expenses in Q3 and cushioning bottom line.