( ) -q-24- UNDATED (Correspondent Jeremy House) “to 34.15-billion dollars.” Facebook parent Meta has posted sharply higher earnings for the third quarter. [CutID: <Cuts> META-PROFIT-house-q-THUam.mp3 Time: 24s Title: META-PROFIT-house-q-THUam Out-cue: to 34.15-billion dollars] TAG: Correspondent Jeremy House reporting. Meta said the number of active users on Facebook was 3.05 billion as of Sept. 30, an […]
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Facebook parent Meta posts sharply higher profit in Q3
( ) -q-24- UNDATED (Correspondent Jeremy House) “to 34.15-billion dollars.”
Facebook parent Meta has posted sharply higher earnings for the third quarter.
[CutID: <Cuts> META-PROFIT-house-q-THUam.mp3
Time: 24s
Title: META-PROFIT-house-q-THUam
Out-cue: to 34.15-billion dollars]
TAG: Correspondent Jeremy House reporting. Meta said the number of active users on Facebook was 3.05 billion as of Sept. 30, an increase of 3% from a year earlier. The company was sued by 41 states plus the the District of Columbia on Tuesday for harming young people’s mental health.
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VERBATIM: The earnings were boosted by an increase in advertising revenue and lower expenses after Meta laid off thousands of workers. The company based in Menlo Park, California, said it earned nearly $11.6 billion in the July-to-September quarter. That’s up from $4.4 billion a year earlier. Revenue rose 23% to $34.15 billion.