Apple and Meta Platforms report record-breaking quarterly earnings, with significant gains in shares

From Nasdaq: 2025-01-31 10:15:00

The 2024 Q4 earnings season is in full swing, with Apple and Meta Platforms reporting record-breaking results. Meta posted an adjusted EPS of $8.02 and sales of $48.4 billion, with net income hitting $20.9 billion. Apple achieved an adjusted EPS of $2.40 and sales of $124.3 billion, both all-time highs for the company. Shares for both companies have seen significant gains.

Meta Platforms saw strong ad revenue growth, with $46.8 billion in revenue and 4% user growth. Apple’s iPhone sales were slightly down at $69.2 billion, with China sales declining to $18.5 billion. Despite this, Apple’s active device base reached a new high. Both companies have seen steady growth in Services revenue.

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