In Q4 2024, Meta Platforms achieved a 21% increase in revenue, totaling $48.39 billion, and a 50% rise in earnings per share to $8.02, exceeding Wall Street forecasts. The growth is attributed to advancements in AI and a robust advertising business.
Meta Platforms, Inc. (formerly Facebook) has reported a significant increase in both profit and revenue for the fourth quarter of 2024, surpassing Wall Street's expectations. The company announced a 21% year-over-year revenue growth, reaching $48.39 billion, and a 50% increase in earnings per share, totaling $8.02.
This impressive performance is attributed to advancements in artificial intelligence and a robust advertising business. CEO Mark Zuckerberg highlighted the company's progress in AI, smart glasses, and the future of social media, expressing excitement for scaling these efforts further in 2025.
Looking ahead, Meta projects first-quarter 2025 revenue between $39.5 billion and $41.8 billion, reflecting 8% to 15% annual growth. The company plans to continue emphasizing AI-driven innovation, ad monetization techniques, and enhancing the capabilities of its AI assistant.
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