Meta Platforms reported impressive fourth-quarter earnings and revenue that exceeded Wall Street estimates. Earnings reached $8.02 per share, a 50% increase, with revenue climbing 21% to $48.38 billion, predominantly from digital advertising. However, the company's revenue guidance for the upcoming March quarter fell short due to concerns over currency exchange rates. Looking ahead, Meta announced plans to increase capital spending in 2025 significantly beyond Wall Street predictions, with forecasted expenses between $114 billion and $119 billion. Stock performance remained strong, with a 70% increase over the last year despite the mixed outlook.
Meta reported a strong fourth-quarter performance, with earnings rising 50% to $8.02 per share, but its outlook for 2025 expenses was significantly higher than expected.
Despite beating fourth-quarter estimates, Meta's guidance for revenue in the March quarter fell short, primarily due to concerns over currency fluctuations and a strong U.S. dollar.
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