Meta Platforms Inc. Shatters Expectations with Record Q4 Earnings

Meta Platforms Inc. has once again proven its dominance in the tech world by announcing its fourth quarter and full-year results, which not only surpassed market expectations but also showcased a remarkable 50% year-over-year increase in diluted earnings per share (EPS), reaching an impressive $8.02. The company's revenue for the quarter also saw a significant uptick, climbing 21% to $48.4 billion compared to the same period in 2023.

Full-Year Financial Highlights

Looking at the bigger picture, Meta's full-year revenue soared by 22% to hit $164.5 billion, with EPS experiencing a 60% surge to $23.86. Despite these stellar results, the social media titan has adjusted its revenue forecast for the first quarter of 2025, projecting it to be between $39.5 and $41.8 billion, and has opted not to provide predictions for the entire year.

Leadership's Vision for the Future

Mark Zuckerberg, the founder and CEO of Meta, expressed his enthusiasm about the company's progress, particularly in the realms of AI, glasses, and the evolution of social media. "We continue to make good progress on AI, glasses, and the future of social media," Zuckerberg stated, adding that he is eager to see these initiatives "scale further" in the coming year.