Meta Reports Third Quarter 2023 Results

investor.fb.com

Meta Reports Third Quarter 2023 Results

investor.fb.com

ijeff@lemdro.idM to

Meta@lemdro.idEnglish · 1 year ago

Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2023. "We had a good quarter for our community and business," said Mark Zuckerberg, Meta founder and CEO. "I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio." Third Quarter 2023 Financial Highlights Three Months Ended September 30, In millions, except percentages and per share amounts 2023 2022 % Change Revenue $ 34,146 $ 27,714 23 % Costs and expenses 20,398 22,050 (7) % Income from operations $ 13,748 $ 5,664 143 % Operating margin 40 % 20 % Provision for income taxes $ 2,437 $ 1,181 106 % Effective tax rate 17 % 21 %

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