From Seekingalpha · Agar Capital · · 40s
Meta Q3 Results Strong Growth
Meta's Q3 revenue beats expectations with record Instagram engagement and Muse's potential.
In brief
Meta's Q3 revenue beats expectations with record Instagram engagement and Muse's potential. Meta Platforms reported $64.6 billion in Q3 revenue, exceeding forecasts with strong advertising demand and new Muse monetization opportunities. Originally reported by Seekingalpha.
Q3 Revenue Growth
Meta Platforms reported $64.6 billion in Q3 revenue, exceeding forecasts with strong advertising demand.
Instagram Engagement Boost
Instagram engagement reached record levels with average ad prices increasing 14% despite slower user growth.
Muse Monetization Potential
Zuckerberg sees Muse generating higher revenue per user than Meta's Family of Apps.
Strong Buy Rationale
Meta's core business supports the investment thesis with a $860 price target implying 23.3% upside.
Here's the gist
Meta Platforms reported $64.6 billion in Q3 revenue, exceeding forecasts with strong advertising demand and new Muse monetization opportunities.
