What You Need To Know Ahead of Meta’s Earnings

Key Takeaways

• Meta will report earnings after the market closes Wednesday, with investors watching whether the social media giant's stock can keep up its strong performance so far this year.
• Analysts expect revenue and earnings growth, benefitting in part from AI-driven advertising optimization.
• The Street is overwhelmingly bullish on Meta stock, with most analysts tracked by Visible Alpha holding a "buy" rating and expecting further gains.

Meta (META) will report earnings after the market closes Wednesday, with investors watching whether the social media giant's stock can keep up its strong performance so far this year.

Analysts expect Meta to post third-quarter revenue of $40.25 billion, surging nearly 18% year-over-year. Net income is projected to land at $13.56 billion or $5.20 per share, up from $11.58 billion or $4.39 per share a year ago.