Winner: Meta Earnings Crushed Targets
- Mark Zuckerberg continues to flex after Meta delivered another top-and-bottom-line beat. 💪
- Revenues rose 23% YoY, their fastest since 2021, to $34.15 billion.
- As for other metrics,:
• Daily active users (DAUs): 2.09 billion vs
• Monthly active users (MAUs): 3.05 billion
• Average revenue per user (ARPU): $11.23
- The company’s headcount is down 24% YoY to 66,185, helping drive total expenses down.
- Meta continues to burn through cash for its flailing metaverse and VR project, which lost $3.7 billion in the 3rd quarter
https://linktr.ee/RobBlack.
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