An increase an ads across Facebook and Instagram has led to Meta reporting a sharp upturn in revenue for the previous quarter.
Founder Mark Zuckerberg says he was "proud" of his employees after the company reported revenue of $34.2b (£28.2b) for the quarter ending in September.
It's a 23% improvement on the same quarter as last year and $600m (£500m) more than analysts had predicted.
Advertising revenue increased to $33.6m (£27.7m) over the quarter, compared to $27.2m (£22.5) last year.
Reduced costs, including staff cuts, also contributed to the improvement in performance.
Rise in users
Meta also reported an increase in users across its platforms, which include WhatsApp, Messenger and Threads.
In September, 3.14b unique users accessed Meta products on a daily basis, a year-on-year rise of 7%.
The company only provided specific data on Facebook, but claims its unique users rose by 5% to 2.09b each day.
Threads, which launched as an alternative to X, formerly known as Twitter, has just under 100m active users per month, Zuckerberg revealed.
FTSE 100
The UK's top share index, the FTSE 100, was down 40-points at 7,374, shortly after opening this morning.
Brent crude futures were down 0.83% this morning at $89.38 a barrel.
Companies reporting today
Amazon and Standard Chartered are reporting Q3 results.
C&C Group and HarbourVest Global Private Equity are reporting half-year results.
Hunting, Inchcape, Unilever and WPP have Q3 trading statements.
Renishaw is reporting a Q1 trading statement.