Meta Platforms (META) posted better-than-expected third quarter results. Earnings of $6.03 per share was well above the Bloomberg consensus estimate of $5.25. Revenue was $40.59 billion, surpassing the $40.25 billion expectation. Operating margin was 43% versus an expected 39.6%. Reality Labs revenue, however, fell short, $270 million compared to the $312.8 million estimate. The group's operating loss was $4.43 billion compared to an estimated loss off $4.66 billion.

For the fourth quarter, the company sees total revenue to be in a range of $45-48 billion. Analysts had been expecting $46.09 billion.

Market Domination Overtime Anchors Julie Hyman and Josh Lipton break down the social media giant's results.

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This post was written by Stephanie Mikulich.