Meta’s revenue decline continues in Q3; dials back on Reality Labs investment
Meta – the parent company of Facebook – has reported its Q3 financial results, showing a continuous declining trend in revenue for the company, which amounted to $27.71 billion (A$42.67 billion) in this quarter, a decrease of 4% year-over-year (YoY).
The revenue was in line with the forecast from Wall Street analysts, which was $27.41 billion (A$43.22 billion).
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