Why did MA's Q3 earnings exceed forecasts?

MasterCard's (MA) Q3 earnings exceeded forecasts due to strong performance across payments and value-added services, as indicated by the following key points:

1. **Revenue Growth**: MasterCard's net revenues grew by 16% driven by robust performance across payments and value-added services. This growth was fueled by strategic acquisitions like Recorded Future and a diversified portfolio.
2. **Adjusted Net Income**: The adjusted net income of the company increased by 19%. This was supported by healthy consumer spending and a strong global partnership network.
3. **Gross Dollar Volume (GDV)**: The GDV grew by 12% globally, with 9% growth in the U.S. and 13% internationally. Cross-border volume experienced a significant increase.
4. **Value-Added Services**: MasterCard's value-added services saw a notable rise, contributing to the overall revenue growth. The company's focus on innovation and partnerships in areas like digital payments and loyalty programs has paid off.

In summary, MasterCard's Q3 earnings exceeded forecasts due to strong revenue growth, increased adjusted net income, and robust global performance across payments and value-added services.