French beauty giant L’Oréal reported a 6% YoY revenue increase to 32.4 billion euros ($35.5 billion) for the first three quarters of 2024, but a 3.4% rise in Q3 to 10.3 billion euros (about $11.3 billion), falling short of expectations. The professional products sector grew by 6.1%, while consumer products rose 1.4%. The Asian market experienced a 6.5% decline, worsening from the previous quarter, whereas Europe and the US saw growth of 5.6% and 5.2%, respectively. L’Oréal noted low consumer confidence in China, but remains optimistic about revenue and operating profit growth, highlighting strong sales for brands like Yves Saint Laurent and SkinCeuticals.