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<p>Meta Platforms reports third-quarter earnings this afternoon after the closing bell.<br />
Investors will be on high alert for updates on Instagram Reels and its success battling TikTok.<br />
The analyst call is scheduled for 5 p.m. ET.</p>
<p><a href="https://markets.businessinsider.com/stocks/meta-stock" target="_blank" rel="noopener">Meta Platforms</a> reports third-quarter <a href="https://www.businessinsider.com/meta-earnings" target="_blank" rel="noopener">earnings</a> on Wednesday, Oct. 25, after the closing bell.</p>
<p><a href="https://markets.businessinsider.com/news/stocks/meta-stock-q3-earnings-preview-reels-instagram-tiktok-facebook-zuckerberg-2023-10" target="_blank" rel="noopener">Investors will be focused</a> on the company's success battling rival TikTok via its short-form video product <a href="https://www.businessinsider.com/instagram" target="_blank" rel="noopener">Instagram</a> Reels. They will also use Meta's results as a gauge of health for the digital advertising market.</p>
<p><a href="https://www.businessinsider.com/meta" target="_blank" rel="noopener">Meta</a> has a lot on the line given that its stock has seen massive gains and is one of the best-performing mega-cap tech giants this year. Shares are up roughly 160% year-to-date and, have surged about 250% from 52-week lows.</p>
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<div class="slide-title">Meta's consensus third-quarter revenue estimate is $33.52 billion.</div>
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<p><strong>3rd quarter</strong></p>
<p>Revenue estimate $33.52 billion (Bloomberg Consensus)Advertising rev. estimate $32.94 billionFamily of Apps revenue estimate $33.08 billionReality Labs revenue estimate $313.4 millionOther revenue estimate $211.7 millionFacebook daily active users estimate 2.07 billionFacebook monthly active users estimate 3.05 billionAd impressions estimate +29.6%Average price per ad estimate -8.94%Family of Apps operating income estimate $15.23 billionReality Labs operating loss estimate $3.94 billionAverage Family service users per day estimate 3.09 billionAverage Family service users per month estimate 3.88 billionEPS estimate $3.60Operating margin estimate 33.9%</p>
<p><strong>Full-year 2023</strong></p>
<p>Total expenses estimate $89.76 billionCapital expenditure estimate $29.31 billion</p>
<p><em>Source: Bloomberg</em></p>
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Meta Platforms reports third-quarter earnings this afternoon after the closing bell.
Investors will be on high alert for updates on Instagram Reels and its success battling TikTok.
The analyst call is scheduled for 5 p.m. ET.
Meta Platforms reports third-quarter earnings on Wednesday, Oct. 25, after the closing bell.
Investors will be focused on the company’s success battling rival TikTok via its short-form video product Instagram Reels. They will also use Meta’s results as a gauge of health for the digital advertising market.
Meta has a lot on the line given that its stock has seen massive gains and is one of the best-performing mega-cap tech giants this year. Shares are up roughly 160% year-to-date and, have surged about 250% from 52-week lows.
Meta’s consensus third-quarter revenue estimate is $33.52 billion.
3rd quarter
Revenue estimate $33.52 billion (Bloomberg Consensus)Advertising rev. estimate $32.94 billionFamily of Apps revenue estimate $33.08 billionReality Labs revenue estimate $313.4 millionOther revenue estimate $211.7 millionFacebook daily active users estimate 2.07 billionFacebook monthly active users estimate 3.05 billionAd impressions estimate +29.6%Average price per ad estimate -8.94%Family of Apps operating income estimate $15.23 billionReality Labs operating loss estimate $3.94 billionAverage Family service users per day estimate 3.09 billionAverage Family service users per month estimate 3.88 billionEPS estimate $3.60Operating margin estimate 33.9%
Full-year 2023
Total expenses estimate $89.76 billionCapital expenditure estimate $29.31 billion
