Meta prepares to report earnings amid ad revenue, cost-cutting pressures

Meta prepares to report earnings amid ad revenue, cost-cutting pressures

Meta (META) is gearing up to report its third-quarter earnings after the closing bell on Wednesday.

Here’s what Wall Street’s expecting from Facebook’s parent company, as compiled by Bloomberg:

Revenue: $27.4 billion expected

Earnings Per Share (EPS): $1.88 expected

Facebook Daily Active Users (DAUs): 1.86 billion expected

The digital advertising slowdown had been top-of-mind for Meta and Big Tech overall heading into this week’s earnings. On Tuesday, Google parent Alphabet (GOOG, GOOGL) reported


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