Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as revenue climbed sharply.
The parent company of Facebook and Instagram reported net income of $9.86 billion, or $3.83 per share, for the July-September period. That’s up from a profit of $2.71 billion, or $1.05 per share, in the same period a year earlier.
Revenue grew 26% to $64.60 billion, up from $51.24 billion in the prior-year quarter and above the $63.34 billion expected by Wall Street analysts.
