ByTy Roush,
Forbes Staff.
Fourth-quarter earnings and revenue released Wednesday by Meta exceeded Wall Street’s expectations, as the tech giant said it anticipated increased spending this year as it allocated more resources toward AI.
Meta reported $59.8 billion in revenue and $8.88 earnings per share through Q4, marking an annual increase of 24% and 11%, respectively.
Those figures surpassed analysts’ estimates of $51.2 billion and $8.21 EPS, or year-over-year growth of roughly 5.8% and 2.4%, respectively, according to FactSet.
