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Meta Platforms (META) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2026, Meta Platforms (META - Free Report) reported revenue of $64.6 billion, up 26.1% over the same period last year. EPS came in at $7.40, compared to $7.25 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $63.41 billion, representing a surprise of +1.88%. The company delivered an EPS surprise of +13.5%, with the consensus EPS estimate being $6.52.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Meta Platforms performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Family daily active people (DAP): $3.64 billion versus $3.64 billion estimated by four analysts on average.
  • Headcount: 66,775 compared to the 69,468 average estimate based on four analysts.
  • Average Revenue Per Person (ARPP): $17.72 compared to the $17.46 average estimate based on two analysts.
  • Advertising Revenue- US & Canada: $28.44 billion versus the four-analyst average estimate of $27.64 billion. The reported number represents a year-over-year change of +33.3%.
  • Geographical Revenue by User- US & Canada: $28.91 billion compared to the $28.07 billion average estimate based on four analysts. The reported number represents a change of +32.9% year over year.
  • Geographical Revenue by User- Asia-Pacific: $11.89 billion versus $12.6 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
  • Advertising Revenue- Rest of the World: $8.86 billion versus $8.3 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +33% change.
  • Geographical Revenue by User- Rest of World: $9.34 billion compared to the $8.83 billion average estimate based on three analysts. The reported number represents a change of +34.4% year over year.
  • Revenue- Advertising: $63.06 billion versus the eight-analyst average estimate of $61.9 billion. The reported number represents a year-over-year change of +25.9%.
  • Revenue- Other revenue: $1.1 billion versus $1.16 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +59% change.
  • Revenue- Family of Apps (FoA): $64.16 billion versus $63.02 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +26.4% change.
  • Revenue- Reality Labs: $443 million compared to the $464.57 million average estimate based on six analysts. The reported number represents a change of -5.7% year over year.

View all Key Company Metrics for Meta Platforms here>>>

Shares of Meta Platforms have returned -5.8% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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