Meta shares up 4% after company beats on revenue
Posted: Jan 29, 2025
- Meta shares were flat after reporting Q4 earnings beating estimates
- EPS: $8.02 vs. $6.77, Revenue: $48.39B vs. $47.04B
- Meta CEO, Mark Zuckerberg, optimistic about company's progress and innovation with new US administration
- Q1 revenue expected to be $39.5B to $41.8B, slightly below analyst expectations
- Q4 sales increased 21% YoY, net income was $20.84B
- Daily active users increased to 3.35B
- Q1 costs and expenses were $25.02B, up by more than 5% from the previous year
- Meta to invest $60B to $65B in capital expenditures for AI strategy in 2025
- No revenue outlook given for 2025, high expenses expected for infrastructure and hiring
- Headcount grew to over 74,000 at the end of December
- Meta shares were up slightly in after-hours trading after reporting fourth-quarter earnings that beat expectations
- Sales in Q4 jumped 21% year over year, with net income growing 49% to $20.8 billion
- Meta expects Q1 revenue to be between $39.5 billion and $41.8 billion
- Meta AI chatbot has surpassed 700 million monthly active users
- The emergence of DeepSeek validates Meta's commitment to open-source AI
- Daily active users increased to 3.35 billion in the quarter
- Meta expects expenses for 2025 to be between $114 billion and $119 billion, with investments in infrastructure and hiring more workers
- Company plans to invest between $60 billion and $65 billion in capital expenditures for its AI strategy
- Meta CEO Mark Zuckerberg is optimistic about the company's progress and innovation.
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