Back

Meta Platforms Reports Q3 EPS Miss but Revenue Beat

Meta’s Q3 earnings fell short of analyst expectations, prompting a sharp pre-market share drop as the company targets a $25 billion bond issuance.

Summary

Meta Platforms reported third quarter net profit of $2.7 billion, missing analyst expectations. Shares fell nearly 10% in pre-market trading following the announcement. Despite the earnings miss, revenue exceeded forecasts, and the company revealed plans to raise at least $25 billion through a bond issuance.

Terms & Concepts
  • EPS (Earnings Per Share): A company's profit divided by the number of its outstanding shares, indicating profitability on a per-share basis.
  • Revenue: The total income generated by a company from its business activities, before expenses are deducted.
  • Bond Issuance: The process by which a company raises capital by selling debt securities to investors, promising repayment with interest.