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Latest in Meta's third quarter profit surges 35% reflecting strong ad revenue and its AI push

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  • Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

    Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

    Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence
    Tech - ABC News - 5 hours ago

  • Meta Reports Record Revenue, Slower Ad Growth

    The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.
    Tech - The Wall Street Journal - 7 hours ago

  • Hasbro’s third-quarter profit beats expectations, but its stock slips

    Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.
    Business - MarketWatch - 6 days ago

  • Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35%

    Netflix's ad-tier memberships jumped 35%. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025.
    Business - CNBC - October 17

  • Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue

    Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.
    Business - CNBC - October 16
  • Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

    Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

    The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.
    Business - The New York Times - 8 hours ago

  • Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

    TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.
    Business - CNBC - October 18

  • Tesla Surprises Wall Street With Strong Third-Quarter Results

    The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.
    Business - The Wall Street Journal - October 24

  • Clariant Third-Quarter Profits Miss Expectations

    The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.
    Business - The Wall Street Journal - Yesterday

  • Meta’s Reality Labs posts $4.4 billion loss in third quarter

    Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.
    Business - CNBC - 9 hours ago
  • US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    US GDP rose at a 2.8% rate in third quarter on strong consumer spending

    Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health
    Business - Financial Times - 9 hours ago
  • Netflix’s third-quarter revenue and subscriber numbers beat expectations

    Netflix’s third-quarter revenue and subscriber numbers beat expectations

    US streaming service is investing heavily in live sporting events to differentiate from rivals
    Business - Financial Times - October 17
  • Tesla shares jump in third-quarter earnings even as expected revenue is lower

    Tesla shares jump in third-quarter earnings even as expected revenue is lower

    After two slow quarters, Elon Musk’s electric-vehicle maker reports higher-than-expected earnings per share. Tesla shares saw a 12% jump after the company reported its third-quarter earnings on ...
    World - The Guardian - October 23

  • Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

    Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.
    Business - CNBC - 6 days ago

  • TSMC beats forecasts with 54% surge in profits on soaring AI demand

    Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
    Business - MarketWatch - October 17
  • Netflix's subscriber growth is slowing, but its profit and stock price are still surging

    Netflix's subscriber growth is slowing, but its profit and stock price are still surging

    Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off
    Tech - ABC News - October 17
  • Meta under fire for ‘polluting’ open-source

    Meta under fire for ‘polluting’ open-source

    Open Source Initiative chief criticises tech group for using the term to describe its Llama models
    Business - Financial Times - October 17
  • Here’s Why Meta Getting on the AI Search Bandwagon Could Change the Entire Online Ad Market

    Here’s Why Meta Getting on the AI Search Bandwagon Could Change the Entire Online Ad Market

    Meta is taking on Google and Microsoft by developing its own AI search engine. The repercussions for the digital advertising market could be huge.
    Business - Inc. - Yesterday
  • Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

    Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

    Morgan Stanley rounds off strong earnings season
    Business - Financial Times - October 16

  • Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress

    The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.
    Business - CNBC - October 23
  • Deutsche Bank warns of rising bad loan provisions

    Deutsche Bank warns of rising bad loan provisions

    German lender posts record third-quarter profits but tells investors to brace again for credit risks
    Business - Financial Times - October 23
  • Tesla’s Shares Surge 20% After Strong Earnings and Outlook

    Tesla’s Shares Surge 20% After Strong Earnings and Outlook

    The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.
    Business - The New York Times - 6 days ago

  • Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

    British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.
    Business - CNBC - 6 days ago

  • Hyundai Motor Net Profit Fell in Third Quarter, Missing Estimates

    The South Korean carmaker said wholesale car sales fell 3.2% globally as vehicle demand remained sluggish in most major markets, while North America remained a bright spot.
    Business - The Wall Street Journal - 6 days ago

  • Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

    Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.
    Business - CNBC - 12 hours ago

  • Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

    German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.
    Business - CNBC - 12 hours ago

  • TotalEnergies forecasts 66% drop in its third-quarter oil-refining margins

    The French oil company’s warnings comes on the back of a slump in the global market for products including jet fuel, diesel and gasoline that saw BP and Shell post similar warnings last week.
    Business - MarketWatch - October 15

  • Meta misses on user growth, warns of 2025 jump in AI spending

    Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.
    Business - CNBC - 7 hours ago

  • World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

    Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).
    Business - CNBC - October 22

  • Deutsche Bank shares fall on doubling of third-quarter loan losses but profits rise

    Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition
    Business - MarketWatch - October 23

  • American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

    American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.
    Business - CNBC - 6 days ago

  • BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

    British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.
    Business - CNBC - Yesterday
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Topics
  • Meta's Third Quarter
  • Third Quarter Profit
  • Quarter Profit Surges
  • Profit Surges Reflecting
  • Surges Reflecting Strong
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