However, the company's shares slipped 3% in after-hours trading as investors digested results and guidance against rich AI-driven expectations.
Ad impressions across Meta's family of apps increased by 7% YoY, while the average price per ad rose 11%. For the fourth quarter, Meta expects revenue to be in the range of $45-48 billion, compared to the analyst consensus of $46.09 billion. The midpoint of this guidance range is slightly above current estimates, suggesting continued growth momentum.
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