Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.
David Paul Morris | Bloomberg | Getty Images
Meta reported results after the bell. Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $8.02 vs. $6.77
- Revenue: $48.39 billion vs. $47.04 billion
Meta said its first-quarter revenue would be in the range of $39.5 billion to $41.8 billion. The midpoint of that figure trailed analysts’ expectations of first-quarter revenue of $41.73 billion.
The company said that daily active people came in at 3.35 billion in the quarter, ahead of Wall Street projections of 3.32 billion.
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Meta, formerly known as Facebook, has just released its fourth quarter earnings report for 2024, and the numbers are impressive. The tech giant reported a revenue of $41.5 billion, a 20% increase from the previous year. Additionally, their net income for the quarter was $12.9 billion, exceeding analysts’ expectations.
One of the key drivers of Meta’s strong performance in Q4 was their continued focus on advertising revenue. The company’s ad revenue reached $40.2 billion, representing a 22% increase year-over-year. This growth was fueled by strong demand for digital advertising, particularly in the e-commerce and gaming sectors.
Another highlight from Meta’s earnings report was the growth of their user base. The company reported that monthly active users across all of its platforms, including Facebook, Instagram, and WhatsApp, reached 3.2 billion in Q4. This represents a 7% increase from the previous year and demonstrates the continued popularity of Meta’s social media platforms.
Looking ahead, Meta remains optimistic about their future prospects. The company plans to continue investing in new technologies, such as virtual reality and augmented reality, to further enhance the user experience on their platforms. With a strong financial performance in Q4 and a growing user base, Meta is well-positioned for continued success in 2025 and beyond.
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