Meta's Q3 Earnings Report: What to Expect and How It Impacts Facebook, Metaverse, and Beyond
Inc. (META) is scheduled to report its third-quarter 2023 financial results on Wednesday, October 25, 2023, after the closing bell. The company will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. Investors will be closely watching Meta's earnings report for a number of reasons. First, the company is one of the world's largest digital advertisers, and its results can provide insights into the health of the overall advertising market. Second, Meta is facing increasing competition from rivals such as TikTok, and investors will be looking for signs that the company is able to successfully compete in the short-form video market. Third, Meta is investing heavily in the metaverse, and investors will be looking for updates on the company's progress in this area. Analysts' Expectations Analysts expect Meta to report revenue of $33.4 billion for the third quarter, up 20.6% year-over-year. Earnings per share are expected to be $3.57, down 11.5% year-over-year. What to Watch Here are some key things to watch for in Meta's third-quarter earnings report: Revenue growth: Investors will be looking for Meta to continue to deliver strong revenue growth, despite the challenging economic environment. The company's revenue growth has slowed in recent quarters, but analysts expect it to pick up again in the third quarter. Advertising revenue: Meta's advertising revenue accounts for the vast majority of the company's total revenue. Investors will be watching for Meta to report strong advertising revenue growth in the third quarter, despite the fact that many advertisers are cutting back on spending. User growth: Meta's user growth has slowed in recent quarters, and investors will be looking for signs that the company is able to attract and retain new users. Meta's flagship social media platforms, Facebook and Instagram, are facing increasing competition from rivals such as TikTok, so it is important for Meta to continue to grow its user base.
Metaverse investments: Meta is investing heavily in the metaverse, a virtual world that the company believes has the potential to be the next big computing platform. Investors will be looking for updates on Meta's progress in the metaverse, including information on user engagement and monetization.
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