Meta Shares Jump After Q3 Revenue Rises 26%
Meta reported a 26% surge in third-quarter revenue, with shares gaining 5% after hours. The headline also cites a narrowed AI capex outlook and a new non-voting Class C stock.
Meta Platforms Inc. (META) shares rose 5% in after-hours trading after the Instagram owner reported that third-quarter revenue climbed 26% on Wednesday. The company cited strong digital advertising demand and progress in its artificial intelligence initiatives. The tech giant’s bottom line, however, was tempered by a…