https://apnews.com/article/facebook-meta-earnings-instagram-profit-revenue-c0e3cd8fff81a12416516b860a17f9b1

Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers.

The company based in Menlo Park, California, said that it earned $11.58 billion, or $4.39 per share, in the July-September quarter. That's up from $4.4 billion, or $1.64 per share, a year earlier. Revenue rose 23% to $34.15 billion from $27.71 billion.