Q3 results: Meta profits plunge, ServiceNow stock soars

John Leonard
clock • 3 min read
Q3 results: Meta profits plunge, ServiceNow stock soars
Image:

Q3 results: Meta profits plunge, ServiceNow stock soars

Contrasting fortunes for two Silicon Valley mainstays

Meta's profits dropped by more than 50% in the third quarter of 2022, becoming the latest big tech company to report disappointing financial results this quarter, as costs rise and across the globe...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Finance and Reporting

Microsoft and Google see AI investments bearing fruit

clock 26 April 2024 • 4 min read
Big Tech's AI spending spree worries investors

Artificial Intelligence

Zuckerberg says building a leading AI system will take several years and require significant investment

clock 26 April 2024 • 3 min read
Apple pulls two major messaging platforms from China App Store

Mobile Software

Chinese government cites security concerns

clock 22 April 2024 • 2 min read

More on Finance and Reporting

Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft and Google see AI investments bearing fruit

John Leonard
clock 26 April 2024 • 4 min read
Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read
Salesforce's Benioff: 'This must be the year of Data Cloud'

Salesforce's Benioff: 'This must be the year of Data Cloud'

Makes light of customer's AI bungle, as Q4 profits up 10%

Wade Tyler Millward
clock 29 February 2024 • 8 min read