Market news: Rocket Lab (RKLB.O) received authorization from the FAA to resume launches.

In the third quarter, the average number of daily active users of the Meta Platforms (META.O) APP "family" was 3.14 billion, a year-on-year increase of 7%; the average number of monthly active users was 3.96 billion, a year-on-year increase of 7%.

Meta Platforms (META.O) expects infrastructure-related costs and payroll expenses to increase next year.

Meta Platforms (META.O) expects total full-year expenses to be $87 billion to $89 billion, compared with the previous forecast of $88 billion to $91 billion; total expenses in 2024 are expected to be $94 billion to $99 billion, compared with the previous forecast of $96.53 billion. .

Meta Platforms (META.O) expects Reality Labs’ operating losses to increase year over year in 2023.

Meta Platforms (META.O) third-quarter advertising revenue was US$33.64 billion, a year-on-year increase of 24%.

Meta Platforms (META.O) Reality Labs revenue in the third quarter was US$210 million, compared with market expectations of US$313.4 million.

[Facebook daily active users exceed expectations] Meta Platforms (META.O) Facebook’s daily active users in the third quarter were 2.09 billion, compared with market expectations of 2.07 billion; Facebook’s monthly active users were 3.05 billion, compared with market expectations of 3.05 billion.

Meta Platforms (META.O) U.S. stocks rose more than 3% after hours.

IBM (IBM.N) Q3 net profit in 2023 was US$1.704 billion, compared with -US$3.196 billion in the same period last year, and market expectations were US$1.518 billion; EPS was US$1.84, compared with US$3.54 in the same period last year, and market expectations were US$1.67.

Market news: The United Nations Security Council vetoed Russia’s resolution on aid to Gaza.

IBM (IBM.N) free cash flow in the third quarter of 2023 was US$1.68 billion, compared with market expectations of US$1.35 billion.

IBM (IBM.N) U.S. stocks rose 2% after hours.

Meta Platforms (META.O) is about to announce its financial report and fell 2% after the market.

According to the Associated Press: U.S. President Joe Biden is seeking more than $23 billion in new disaster relief funds.

Officials said the White House is asking Congress to allocate $6 billion for a broadband subsidy program, which will be depleted early next year.