Meta Q3 earnings report 2023

Meta reported better-than-expected results for the third quarter as revenue increased 23%, the fastest rate of growth since 2021. The stock rose more than 2% in extended trading Wednesday.

Here are the key numbers:

• Earnings per share: $4.39 vs. $3.63 expected by LSEG, formerly known as Refinitiv
• Revenue: $34.15 billion vs. $33.56 billion expected by LSEG

Investors are also looking at user numbers:

• Daily active users (DAUs): 2.09 billion vs. 2.07 billion expected, according to StreetAccount
• Monthly active users (MAUs): 3.05 billion vs. 3.05 billion expected, according to StreetAccount
• Average revenue per user (ARPU): $11.23 vs. $11.05 expected, according to StreetAccount

Meta is seeing faster…