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Omar Marques | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
In Meta’s earnings report<\/a> on Wednesday, the company gave guidance for the fourth quarter, with a surprisingly wide gap between the low number and the high.<\/p>\n The $3.5 billion range ($36.5 billion to $40 billion) compares to a $2.5 billion range the company typically offers in its quarterly revenue forecast. Susan Li, Meta’s finance chief, told analysts on the earnings call that the reason for the change is the unpredictability in the Middle East due to the Israel-Hamas war<\/a>.<\/p>\n “We have observed softer ads in the beginning of the fourth quarter, correlating with the start of the conflict, which is captured in our Q4 revenue outlook,” Li said on the call. “It’s hard for us to attribute demand softness directly to any specific geopolitical event.”<\/p>\n Li said Meta doesn’t have “material direct exposure to Israel,” but she noted that historically the company has “seen broader demand softness follow other regional conflicts in the past, such as in the Ukraine war,” after Russia invaded its neighbor in early 2022.<\/p>\n At the mid-point of its guidance range, Meta<\/a>