Record-Breaking Q4 Earnings

Meta Platforms Inc. announced its fourth quarter and full-year results, surpassing market expectations with a remarkable 50% year-over-year increase in diluted earnings per share (EPS) to $8.02. The company's revenue for the quarter also saw a significant boost, reaching $48.4 billion, a 21% increase from the same period in 2023.

Full-Year Financial Highlights

For the full year, Meta achieved a 22% jump in revenue, totaling $164.5 billion, while EPS soared by 60% to $23.86. Despite these impressive figures, the social media giant has revised its revenue forecast for the first quarter of 2025, anticipating it to range between $39.5 and $41.8 billion. The company has opted not to provide predictions for the entire year.

Future Outlook

Mark Zuckerberg, Meta's founder and CEO, expressed his enthusiasm about the company's progress in AI, glasses, and the future of social media. He is looking forward to seeing these initiatives scale further in the coming year.