( ) -v-33- UNDATED (Correspondent Jeremy House) “std.” Meta Platforms has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence. Correspondent Jeremy House reports. [CutID: <Cuts> META-PROFIT-house-v-THUam.mp3 Time: 33s Title: META-PROFIT-house-v-THUam Out-cue: std] —————————- VERBATIM: Despite the strong results, the Instagram and Facebook parent company warned that […]
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Meta’s third-quarter profit surges 35%
( ) -v-33- UNDATED (Correspondent Jeremy House) “std.”
Meta Platforms has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence. Correspondent Jeremy House reports.
[CutID: <Cuts> META-PROFIT-house-v-THUam.mp3
Time: 33s
Title: META-PROFIT-house-v-THUam
Out-cue: std]
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VERBATIM: Despite the strong results, the Instagram and Facebook parent company warned that it expects a significant acceleration in infrastructure spending next year. For the three months ending on September 30, the Menlo Park, California, company earned $15.69 billion, or $6.03 per share. That’s up 35% from $11.58 billion, or $4.39 per share, in the same period a year earlier. Revenue rose 19%. JH reporting.