Facebook parent Meta tops earnings estimates with revenue forecast of $47 billion

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Facebook parent Meta tops earnings estimates with revenue forecast of $47 billion Meta’s third-quarter earnings topped estimates. The tech giant posted beats across the board for 2Q from revenues to EPS and operating income. For the third quarter, Meta sees revenues of $47.5 billion to $50.5 billion which is a fair bit above consensus at midpoint of the range. Dan Ives, Wedbush Securities, global head of technology research, and Bloomberg Intelligence’s Mandeep Singh break down the earnings. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: Follow us on X: Subscribe to our Podcasts: Bloomberg Daybreak: Bloomberg Surveillance: Bloomberg Intelligence: Balance of Power: Bloomberg Businessweek: Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: Android Auto: Visit our YouTube channels: Bloomberg Podcasts: Bloomberg Television: Bloomberg Originals: Quicktake:
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