14:57 - 26.10.2023

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October 26, Fineko/abc.az. In the 3rd quarter of 2023, Meta Corporation's revenue increased by 23% up to $34.1 billion.

ABC.AZ reports with reference to company's press release that net profit increased by 160%, up to $11.6 billion, or $4.39 per share, compared to $4.395 billion, or $1.64 per share, for the same period of last year.

These results were better than expected, Meta shares rose 4% after the close of trading on Wednesday.

Since the beginning of the year, the company's shares have grown by 140% — after a strong decline last year.