Meta Platforms Inc. released its fourth quarter and full-year results on Wednesday to land above market expectations with last quarter 2024 diluted earnings per share (EPS) skyrocketing 50% year-over-year to $8.02. The revenue in the same period came at $48.4 billion or 21% up from the same quarter in 2023.
Full-year revenue jumped 22% to achieve $164.5 billion, while the EPS went up 60% to reach $23.86. However, the social media giant changed its revenue forecast for the first quarter of 2025, expecting it to be in the range of $39.5 - $41.8 billion and also declined to give predictions for the whole year.
"We continue to make good progress on AI, glasses, and the future of social media," Mark Zuckerberg, Meta founder and CEO, remarked on the results, saying that he is excited to see these efforts "scale further" this year.
