March 23, 2023

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Facebook net $ 9.2 billion in 3rd quarter; Documents are rising in the US stock market

Facebook is looking for engineers.

SAO PAULO – Facebook (FBOK34) Released its data for the third quarter this Monday (25) after the close of trading.

Shares of the company were up 3.7% despite reporting lower-than-expected earnings. After the market New York Stock Exchange (NASDAQ), US $ 340.83.

“We’ve made good progress this quarter and our community continues to grow,” Mark Zuckerberg, Facebook’s founder and CEO, said in a statement. “I’m excited about our script, especially for breeders, helping to build business and metawares.”

Between July and September, the social networking company earned $ 29.01 billion, up 35% from US $ 21.47 in the same period last year. However, the dollar fell below 29.57 US dollars, as advised by financial market analysts. Restoration.

However, earnings per share came in at $ 3.22, slightly higher than the $ 3.19 predicted by analysts. During this period, net income increased by 17% year-on-year to US $ 9.19 billion from US $ 7.85 billion.

The number of daily active users on the platforms stood at a total of 1.93 billion in September, an increase of 6% year-on-year and in line with market expectations.

The monthly number of active users increased by the same amount of 6% to 2.91 billion.

Also according to the company’s balance sheet, the average revenue per user per quarter was US $ 10.15.

The report said the company would begin to divide the balance sheets into two categories: Family and Apps, which include Facebook, Instagram, Messenger, WhatsApp and other services; And “Facebook Reality Labs”, which contain hardware, software, and virtual reality related content.

“We are dedicating significant resources to our augmented and virtual reality products and services that will be an integral part of our mission to enhance the next generation of online social experiences.

In the fourth quarter, Facebook expects revenue of $ 31.5 billion to $ 34 billion. According to the company, Apple’s iOS 14 changes and reflects uncertainty in light of a series of dizziness factors related to macroeconomics and Govt-19.

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