American technology Aimowner Facebook, instagram And What’s upannounced its profit this Wednesday $25.081 million In the first nine months of his term of office 35% more than the previous year.
Company operated Mark Zuckerberg there was 94.791 million accumulated turnover It’s 12% higher in the three quarters ending Sept. 30 than in the same part of 2022, according to a release.
In the third and last quarter, Meta made a profit of 11 billion 583 million dollars, an increase of 163% compared to the previous year.during turnover increased by 23%Figures up to 34.146 million were applauded by the manager and depends on progress artificial intelligence (AI).
“I’m proud of our teams’ work to advance AI and mixed reality (an environment where digital elements can interact with physical elements) with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio,” Zuckerberg said.
Digital advertising remains the main source of revenue and contributed $33,643 million in the last quarter, up 23% year-on-year, resulting in its core business, the applications segment, making a profit of $17,490 million.
That profit was cut in final accounts due to a bet on the metadatabase, the loss-making division of Reality Labs since its inception in 2020, but it was pegged around $3,742 million in the quarter.
Meta cuts spending forecasts for full-year 2023It included about $3.5 billion for layoffs and warned that Reality Labs would report higher losses than the previous period.
He also stated that he was highlighted ‘growing problems’, waiting for ‘regulatory environment’ A situation for the company that could affect its financial results in this area, the European Union and the United States.
Similarly, he warned of a possible negative impact if his appeal against changes to the US Federal Trade Commission’s impositions aimed at “changing” and “imposing additional restrictions” on operating capacity is not successful.
Meta’s results announced at the Wall Street close exceeded analysts’ expectations and after a day of tension that caused its value to fall, the price rose 3%. It has gained 149% in value since the beginning of 2023.