Mastercard Stock Rockets on Q3 Earnings Beat and $2B Crypto Play – What Investors Should Know
Mastercard’s Oct. 30 earnings report beat expectations, lifting the stock. The payments giant logged Q3 revenue of $8.60 billion, up 17% from a year earlier investing.com, and adjusted EPS of $4.38 investing.com. Revenue from cross-border spending jumped ~15%, and its higher-margin services grew ~25% YoY investing.com. Net profit rose to $3.96 billion reuters.com, reflecting resilient consumer and business spending despite inflation and trade concerns.