Meta Platforms Inc. reported a substantial increase in revenue and profits for the fourth quarter, fueled by stronger-than-expected advertising revenues from its social media platforms. CEO Mark Zuckerberg highlighted ongoing advancements in artificial intelligence and other technologies. Despite the positive performance, Meta anticipates rising expenses as it invests in AI and infrastructure. The company expects quarterly revenue to be between $39.5 billion and $41.8 billion, hinting at ongoing investments in future innovations amid an uncertain digital advertising landscape.
Meta's Q4 performance underscores the company's resilience in a still-uncertain digital ad market. By beating both earnings and revenue estimates, they've demonstrated that cost discipline and efficiency gains are paying dividends.
We continue to make good progress on AI, glasses, and the future of social media,
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