Meta reported record earnings for Q4 of 2024, with net income hitting $20.84 billion and revenues totaling $48.4 billion. These figures surpassed analyst expectations, driven primarily by a substantial advertising sector. CEO Mark Zuckerberg expressed optimism regarding advancements in AI and social media, spotlighting a shift in platform content towards less political topics. Facebook, Instagram, and other apps saw user growth, further bolstering Meta's valuation on Wall Street, despite Zuckerberg's ongoing engagement with political figures. Meta continues to create a more appealing user environment, aiming for a balance between engagement and reduced political discourse.
Meta reported impressive Q4 earnings with $20.84 billion in net income and $48.4 billion in total revenue, exceeding analyst expectations and marking a strong year-over-year growth.
CEO Mark Zuckerberg emphasized the company's advancements in AI and the future of social media, stating his excitement about scaling these innovations further into 2025.
Facebook and Instagram reduced political content in Q4 to focus on more engaging topics like sports and celebrity news, as Zuckerberg aimed for a less political landscape.
Meta's advertising revenue reached $46.8 billion in Q4, driving the company's record-breaking sales, and contributing significantly to its rising market cap of $1.71 trillion.
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