EPS that rose to $6.43 from $4.71 a year ago, and beat the average analyst estimate compiled by FactSet of $5.23, to extend its streak of bottom-line beats to nine quarters. Revenue grew 16.1% to $42.

Meta is still overly reliant on its advertising business, which makes up 98% of its revenue, according to BNP Paribas Exane. Advertising revenue still represents 98% of its overall revenue, noted ...