Meta Platforms reported strong fourth-quarter results, with revenue up 23.8% YoY to $59.9 billion, beating expectations. Adjusted EPS was $8.88, exceeding estimates. The stock rose 8% in after-hours trading on positive guidance, despite high expenses on AI. Revenue grew across all regions, with DAP at 3.58 billion and ARPP at $16.56. Operating income is expected to exceed 2025 levels in 2026. Guidance projects Q1 revenue between $53.5 billion and $56.5 billion, and full-year expenses between $162 billion and $169 billion. Capital expenditures are estimated at $115 billion to $135 billion for 2026.

Read more at CNBC: Meta crushes earnings estimates but its the guidance that has the stock flying