Facebook (META) Q4 2024 earnings results beat EPS and revenue expectations

Facebook (Meta Platforms Inc.) unveiled its quarterly earnings report for Q4 2024, offering insights into its fiscal performance during the recent period. Notably, the corporation surpassed predictions for both revenue and earnings per share (EPS).

Today, Meta unveiled its Q4 2024 financial report after market hours. The corporation surpassed forecasts with a revenue of $48.39 billion, compared to the anticipated $47 billion. Moreover, they reported earnings per share of $8.02, comfortably exceeding the predicted $6.77.

Initially, Meta’s stock fluctuated unpredictably during post-market trading. However, it ultimately experienced significant growth, reaching a peak value of approximately $710.77. The shares had closed the day at $679.49.

In its most recent financial update, Facebook disclosed a loss of $17.7 billion for its Reality Labs sector in the year 2024. Keep tunes with Shacknews for further updates on financial happenings within the tech industry.

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2025-01-30 01:57