What time does Meta report earnings Wednesday? Here's how to tune in.

Meta is set to release its third-quarter earnings on Wednesday.

The company is expected to deliver profit growth of 14% in the third quarter, down from 27% in the second quarter, Bloomberg data shows.

In the first and second quarters this year, the company reported stronger-than-expected earnings. Meta has a long history of beating Wall Street estimates, and the company's stock popped 12% following its last report.

The company, which owns Facebook and Instagram, expects third-quarter revenue to be between $47.5 billion and $50.5 billion, Bloomberg reported.

The company’s third-quarter report will be released once the stock market closes on Oct. 29. It will provide a look at the company’s financial performance and outlook.

Meta is the first in a slew of Magnificent Seven companies − which include Microsoft Corp., Alphabet Inc., Nvidia, Amazon.com Inc., Apple Inc. and Tesla − due to report this week.

Microsoft and Google are also reporting on Oct. 29, while Apple and Amazon report on Oct. 30. Tesla reported earnings on Oct. 22. Nvidia will report earnings on Nov. 19.

As of this month, the Magnificent Seven, the largest companies in the S&P 500, make up 34% of the index’s total value.

Here’s how to tune in to Meta’s earnings

On Oct. 29, Meta will release its earnings report on its investor relations website after the bell. At 4:30 p.m. ET, company leaders will hold a conference call to discuss the results. The call can also be accessed through the company’s investor relations website.

Wall Street expectations

Wall Street analysts are looking for third-quarter revenue growth of 22% from a year ago to $49.4 billion, according to CNBC, in addition to revenue growth of 19% to $196.2 million for 2025.

What did Meta say in its last earnings report?

The company is ramping up its investment in AI. During the last earnings call, CEO Mark Zuckerberg said the company is aiming to create a “personal superintelligence” that will help people rather than take their jobs, according to Bloomberg.

The company said it has the resources and expertise to continue building AI infrastructure and delivering new technology to people across its products. However, the company said AI-related costs will continue growing. Meta previously said it expected capital expenditures for the year to be as much as $72 billion.

What is Meta’s stock price?

Meta's stock ended the day green on Tuesday, Oct. 28, up 0.08%.

Michelle Del Rey is a trending news reporter at USA TODAY. Reach her at [email protected]

This article originally appeared on USA TODAY: Meta to report earnings. See date, time, how to tune in.

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