Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
Taiwan
Meta, the parent company of Facebook and Instagram, reported a record quarterly profit on Wednesday afternoon, as well as stronger-than-expected sales figures, despite a minor slow down in revenue growth. Overall, Meta’s net income jumped 35% year-over-year to $15.68 billion. “We had a good quarter driven by AI progress across our apps and business,” Meta CEO Mark Zuckerberg said in a statement. Zuckerberg, on the company’s earnings call on Wednesday afternoon, said 500 million users interact
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