Meta Beats, Reality Labs Bleeds

Meta topped estimates in Q3 results released after the bell in the US on Wednesday. Company-wide revenue was $34.146 billion last quarter, ahead of the $33.51 billion the Street expected. It wasn't a blockbuster beat by any stretch, but top-line growth of 23% was the briskest YoY pace in two years. Recall that revenue growth was negative for three consecutive quarters in 2022, when the shares fell 75% from their post-pandemic highs. Meta guided for between $36.5 billion and $40 billion in