From CNBC: 2025-01-29 20:43:04

Meta Platforms reported a revenue of $48.4 billion in Q4, exceeding estimates, with earnings per share at $8.02, surpassing expectations. Shares surged in after-hours trading, marking the fifth consecutive record high close. CEO Mark Zuckerberg emphasized a strong focus on efficiency and cost controls, outlining plans for AI and metaverse initiatives. The company aims to reach over 1 billion users with its AI assistant. Despite lower Q1 revenue guidance, Meta’s investments in AI position it for long-term growth. The company’s efficient cost management and strong financial position support continued capital investments and shareholder returns. Guidance for Q1 includes revenue estimates below expectations, with increased expenses driven by infrastructure-related costs. Despite capital expenditure forecasts, Meta plans to allocate funds to support its generative AI efforts and core business. The stock’s performance has been strong, but analysts expect a pullback before advising members to buy. Meta’s focus on innovation and efficiency has driven growth across its platforms, with strong sales and profit from its Family of Apps. Reality Labs sales were in line with expectations, while operating loss was lower than anticipated. The company paid out dividends during the quarter and plans to continue supporting investments and returning capital to shareholders.



Read more at CNBC:: Meta earnings reward investors who bid up shares to five straight record closes