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Barchart
Mohit Oberoi

With Zuckerberg's 'Year of AI' Still Ahead, Should You Buy or Sell Meta Stock After Earnings?

Mark Zuckerberg Susan Li Meta Reels Advantage Facebook

Meta Platforms (META) released its Q3 earnings yesterday after the bell, and while the stock is down 4% today, I believe the company is setting the stage for the long term despite the short-term headwinds. Here are the key takeaways from the report, and how the company’s CEO Mark Zuckerberg intends to steer the company in the coming year.

Meta reported revenues of $34.15 billion for the September quarter, which was ahead of the $33.56 billion that analysts expected and towards the upper end of the company’s guidance. Earnings per share came in at $4.39, which was also well ahead of the $3.63 that analysts expected. Among other factors, strong demand from advertisers in China - who used Facebook to reach consumers in other geographies - helped propel Meta's earnings. 

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