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.
