Meta spotlights AI innovation as Q3 revenue climbs to $34B

Kalila Welch

October 27, 2023 10:04

Meta’s revenue shows no sign of slowing down, with the social media giant posting revenue of $34.146 billion (A$54.295) in the third quarter of 2023.

Speaking on the third-quarter earnings call, CEO Mark Zuckerberg said the company had recorded its “highest operating margin in two years”, with revenue up 23% year-on-year (YoY) for the quarter ending September 30 2023.

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Kalila Welch

Kalila Welch joined the Mumbrella editorial team in November 2021. She took a brief career break in mid 2023 to complete her Masters of Journalism before returning to Mumbrella for a year.

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