Meta Platforms (META) Earnings Beat: Is the Internet Behemoth Set for Further Upside?

[Investing Insights Daily]( October 30th, 2023 SPONSORED AD [Author of Get Rich with Dividends Is Giving Away His Ultimate Dividend Package FOR FREE!]( , Including Details on His #1 Dividend Stock... the Safest 9% Dividend in the World... the Top Three "Extreme Dividend" Stocks... and Much, Much More. For Free. [Click Here to Get Marc Lichtenfeld's Ultimate Dividend Package]( [Meta Platforms (META) Earnings Beat: Is the Internet Behemoth Set for Further Upside?]( Meta Platforms, Inc. ([META]( – [Get Rating]( delivered a stellar performance in the third quarter, exceeding expectations with a revenue surge of 23%, [marking the most rapid growth pace since 2021](. Reporting revenues of $34.15 billion, the company notably surpassed the consensus estimate of $33.56 billion. EPS, too, exceeded expectations, as it settled at $4.39, outpacing the anticipated $3.63. The credit for Meta’s climbing success rests largely on the resurgence of its core digital advertising business, which took a hit in 2022 but is steadily regaining vigor. The firm has also realized substantial advancements in enhancing the efficiency of its online ads. A noteworthy part of Meta’s strategy involves leveraging the potential of artificial intelligence (AI). The company has invested heavily in this technology, which has helped it land retailers looking to serve customers targeted promotions. AI is expected to constitute Meta’s largest investment area in 2024. In terms of user engagement, META reported Daily Active Users (DAUs) reaching 2.09 billion for the previous quarter, while the Average Revenue Per User (ARPU) touched $11.23, again exceeding analyst expectations. Nonetheless, share prices of the internet behemoth experienced a dip following an announcement from executive leadership. Company executives have suggested that fourth-quarter performance may be susceptible to macroeconomic and geopolitical instability as well as potential regulatory interventions. Despite a potentially rocky near-term outlook, Meta’s promising long-term growth prospect positions it as a solid investment opportunity. To gain a more thorough understanding of its potential, a deep dive into key performance indicators is necessary… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019