Meta Platforms reports Q3 earnings after the closing bell. Follow live updates on profits, guidance, analyst call, and stock reaction.
Meta Platforms reports third-quarter earnings on Wednesday, Oct. 25, after the closing bell.
Investors will be focused on the company’s success battling rival TikTok via its short-form video product Instagram Reels. They will also use Meta’s results as a gauge of health for the digital advertising market.
Meta has a lot on the line given that its stock has seen massive gains and is one of the best-performing mega-cap tech giants this year. Shares are up roughly 160% year-to-date and, have surged about 250% from 52-week lows.UBS says Reels on Instagram is outperforming TikTok.
According to a recent note from UBS, channel checks by the bank indicate that “Reels is outperforming TikTok with lower CPMs and much improved engagement.”
The great news for Meta, given that TikTok has been viewed as one of the company’s top risks in the competition for more eyeballs.
