Meta forecasts third-quarter revenue above expectations

Facebook owner expecting quarterly income of up to $34.5bn, compared with analysts’ average estimate of $31.3bnMeta owns Facebook, Instagram, Threads and WhatsApp. Photograph: Cristobal Herrera-UlashkevichMeta Platforms forecast third-quarter revenue above market expectations on Wednesday, anticipating higher ad spending on signs of improving macroeconomic environment.

The owner of Facebook, Instagram, Threads and WhatsApp expects July-September revenue in the range $32 billion to $34.5 billion, compared with analysts’ average estimate of $31.30 billion, according to Refinitiv data. Meta employs more than 2,000 people in Ireland, even after cutting close to 900 jobs at the operation over the last year. The group’s Dublin base, headed by former Vodafone boss Anne O’Leary, remains its international headquarters and it is engaged in a significant investment in its Ballsbridge campus. – Reuters

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stripe pumps more than €1.2bn into Irish operation after US fundraisePayments company founded by Collison brothers in March raised €6.5bn in a funding round that halved its valuation from $95bn to $50bn
Source: businessposthq - 🏆 8. / 71 Read more »

Stripe pumps more than €1.2bn into Irish operation after US fundraisePayments company founded by Collison brothers in March raised €6.5bn in a funding round that halved its valuation from $95bn to $50bn
Source: businessposthq - 🏆 8. / 71 Read more »

Nigerian politician and wife settle defamation action with Co Kildare bloggerOluseye Oladejo, a ranking member of APC political party, and his wife, Dr Oluwatoyin Oladejo, claimed they were defamed in videos posted on Facebook following their wedding
Source: IrishTimes - 🏆 3. / 98 Read more »

'Third heat surge' to hit as Greek wildfires enter their eighth day | NewstalkSimilar warnings are in place for parts of Crete, but there have been no major fires there as yet
Source: NewstalkFM - 🏆 19. / 55 Read more »

Bridge notes: Tom Hanlon takes third in ChicagoAn Irish team will contest the Bermuda Bowl for only the second time
Source: IrishTimes - 🏆 3. / 98 Read more »

Coldplay announce third Dublin date due to huge demandColdplay will be playing a third date on the 1st of September next year as MCD Productions announced an extra concert due to huge demand - fans will be delighted
Source: RSVPMagazine - 🏆 7. / 76 Read more »