Meta Platforms beats fourth-quarter estimates for both top and bottom lines but forecasts higher expenses this year than the last.
Meta CEO Mark Zuckerberg teased a “return to OG Facebook” as part of his key goals for 2025 in Wednesday's Q4 earnings call with investors. While the company was short on details as to what specific changes lay in store, it's clear that Meta is in desperate need of younger Facebook users to sustain itself for the next generation.
CNBC's Julia Boorstin reports on Meta's quarterly earnings results.
We like Meta Platforms, Inc. more than ever and expect DeepSeek news of potentially lowering cost without compromising performance to work in its favor rather than against it. Meta's Q4 results and commentary lead us to believe there is more upside potential for its ad revenue growth, particularly with the use of AI. The lighter Q1 guide does trigger some concern, but we'd prefer a conservative outlook with green shoots, as we expect it makes Meta better positioned to outperform expectations in FY25.
Meta bulls brush the DeepSeek reveal aside and quickly resume business towards our target above the $750 region. Earnings have consistently beaten expectations, with significant year-on-year revenue and net income growth, and analysts predict further EPS increases. Meta's substantial investment in AI infrastructure, particularly in advertising, is expected to continue driving revenue growth.
Meta Platforms Inc. (NASDAQ:META) stock is up 2.5% in premarket trading after the social media giant exceeded earnings and revenue expectations.
Meta Platforms (META 0.32%), the tech giant known for its popular social media apps like Facebook and Instagram, announced its fourth-quarter earnings for 2024 on January 29, 2025.
Meta stock (NASDAQ: META) recently reported its Q4 results, with revenues and earnings exceeding the street estimates. It reported sales of $48.4 billion and earnings of $8.02 per share, compared to the consensus estimates of $47.0 billion and $6.77, respectively.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) shares were up 2.3% at $692 in pre-market trading on Thursday after the Facebook and Instagram owner posted strong earnings for the past quarter and ramped up expectations for its AI efforts. "In AI, I expect that this is going to be the year when a highly intelligent and personalized AI assistant reaches more than one billion people," founder and CEO Mark Zuckerberg said on the post earnings call.
Social media titan Meta Platforms (NASDAQ: META), the parent company of Facebook and Instagram, released its Q4 and full-year 2024 earnings report on January 29. Despite widespread concerns surrounding high capital expenditures, the brainchild of Mark Zuckerberg more than delivered.
Daily Active People across its Family of Apps accelerated to 60 mn QoQ in 4Q'24. It's kind of mind-boggling that Meta added 1 Billion DAP since 1Q'20. Despite growing ad revenue by 24% in 4Q'23, Meta still managed to increase revenue by 21% in 4Q'24. Overall 4Q'24 revenue was +21.2% YoY; on a 2-yr and 3-yr CAGR basis, Meta's topline increased by 22.3% and 12.8% respectively.
Meta has agreed to pay President Donald Trump $25 million to settle a 2021 lawsuit he filed claiming he was wrongfully censored by Facebook and Instagram after the US Capitol riot, the company said Wednesday.