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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.
Looking ahead, Meta is projecting revenue for the current quarter to range between $53.5 billion and $56.5 billion, exceeding the $51.4 billion forecast by analysts. For 2026, expenses are anticipated to be between $162 billion and $169 billion, largely due to infrastructure costs and compensation for AI experts.
Meta concluded the year with 78,865 employees, marking a 6% increase from the previous year. Shares of the company saw a significant rise in after-hours trading following the announcement of these positive financial outcomes.
