What were Meta's fourth-quarter earnings and revenue?

Meta reported fourth-quarter earnings of $22.77 billion, or $8.88 per share, and revenue of $59.89 billion.

How did Meta's expenses change in the fourth quarter?

Meta's expenses grew by 40% to $35.15 billion in the fourth quarter.

What is Meta's revenue forecast for the current quarter?

Meta forecasts revenue for the current quarter to be between $53.5 billion and $56.5 billion.

Home / Business and Economy / Meta's Earnings Soar Past Projections

Meta's Earnings Soar Past Projections

29 Jan

•

Summary

Meta's Q4 earnings and revenue significantly exceeded Wall Street estimates.
Company's expenses rose 40% to $35.15 billion, with future costs projected higher.
Meta forecasts current quarter revenue between $53.5 billion to $56.5 billion.

Meta has reported fourth-quarter financial results that significantly surpassed analyst expectations, leading to a notable increase in its stock price in after-hours trading.

The company announced earnings of $22.77 billion, or $8.88 per share, a jump from the $20.84 billion ($8.02 per share) reported in the same period last year. Revenue also experienced substantial growth, increasing by 24% to $59.89 billion from $48.39 billion.

This strong performance occurred even as Meta's expenses grew by 40%, reaching $35.15 billion. The company has indicated that expenses are expected to be substantially higher in the current year.