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02-02
Amazing
Meta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook
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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1706822460,"share":"https://ttm.financial/m/news/2408667242?lang=&edition=fundamental","pubTime":"2024-02-02 05:21","market":"fut","language":"en","title":"Meta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2408667242","media":"Dow Jones","summary":"Facebook parent Meta Platforms Inc.'s stock soared 12% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.Meta reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. .\"We had a good quarter as our community and business continue to grow,\" Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. \"We've made a lot of progress ","content":"<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&rndata=%7B%22liveId%22:%221789120923173915%22,%22type%22:1%7D\" title=\"Meta Q4 Earnings Conference Call\" target=\"_blank\">Meta Q4 Earnings Conference Call</a>】</p><p>Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.'s stock soared 14% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f82cc4b10082f013ea3c24daea496fd1\" tg-width=\"832\" tg-height=\"852\"/></p><p>The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.</p><p>Meta (META) reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.</p><p>Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.</p><p>Analysts surveyed by FactSet had expected on average net income of $4.82 a share on revenue of $39.1 billion.</p><p>A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a>.</p><p>"We had a good quarter as our community and business continue to grow," Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. "We've made a lot of progress on our vision for advancing AI and the metaverse."</p><p>Meta executives forecast first-quarter revenue of between $34.5 billion and $37 billion, while analysts on average were expecting $33.9 billion, according to FactSet.</p><p>Facebook had 2.11 billion daily active users, up 6% from a year ago, and monthly active users improved 3% to 3.07 billion.</p><p>The company's year of efficiency also seems to have paid off: Headcount was slashed 22% to 67,317 in 2023.</p><p>Meta's stock improved 1.2% to $394.78 in Thursday's regular session. The stock has catapulted 109% over the past 12 months, while the broader S&P 500 index SPX has increased 17%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-02 05:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&rndata=%7B%22liveId%22:%221789120923173915%22,%22type%22:1%7D\" title=\"Meta Q4 Earnings Conference Call\" target=\"_blank\">Meta Q4 Earnings Conference Call</a>】</p><p>Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.'s stock soared 14% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f82cc4b10082f013ea3c24daea496fd1\" tg-width=\"832\" tg-height=\"852\"/></p><p>The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.</p><p>Meta (META) reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.</p><p>Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.</p><p>Analysts surveyed by FactSet had expected on average net income of $4.82 a share on revenue of $39.1 billion.</p><p>A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a>.</p><p>"We had a good quarter as our community and business continue to grow," Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. "We've made a lot of progress on our vision for advancing AI and the metaverse."</p><p>Meta executives forecast first-quarter revenue of between $34.5 billion and $37 billion, while analysts on average were expecting $33.9 billion, according to FactSet.</p><p>Facebook had 2.11 billion daily active users, up 6% from a year ago, and monthly active users improved 3% to 3.07 billion.</p><p>The company's year of efficiency also seems to have paid off: Headcount was slashed 22% to 67,317 in 2023.</p><p>Meta's stock improved 1.2% to $394.78 in Thursday's regular session. The stock has catapulted 109% over the past 12 months, while the broader S&P 500 index SPX has increased 17%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2408667242","content_text":"【Meta Q4 Earnings Conference Call】Facebook parent Meta Platforms Inc.'s stock soared 14% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.Meta (META) reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.Analysts surveyed by FactSet had expected on average net income of $4.82 a share on revenue of $39.1 billion.A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. $(GOOGL)$ $(GOOG)$.\"We had a good quarter as our community and business continue to grow,\" Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. \"We've made a lot of progress on our vision for advancing AI and the metaverse.\"Meta executives forecast first-quarter revenue of between $34.5 billion and $37 billion, while analysts on average were expecting $33.9 billion, according to FactSet.Facebook had 2.11 billion daily active users, up 6% from a year ago, and monthly active users improved 3% to 3.07 billion.The company's year of efficiency also seems to have paid off: Headcount was slashed 22% to 67,317 in 2023.Meta's stock improved 1.2% to $394.78 in Thursday's regular session. The stock has catapulted 109% over the past 12 months, while the broader S&P 500 index SPX has increased 17%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":269568830050464,"gmtCreate":1706829655175,"gmtModify":1706837908853,"author":{"id":"4166778663060302","authorId":"4166778663060302","name":"Daphlin","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4166778663060302","idStr":"4166778663060302"},"themes":[],"htmlText":"Amazing","listText":"Amazing","text":"Amazing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/269568830050464","repostId":"2408667242","repostType":2,"repost":{"id":"2408667242","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1706822460,"share":"https://ttm.financial/m/news/2408667242?lang=&edition=fundamental","pubTime":"2024-02-02 05:21","market":"fut","language":"en","title":"Meta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2408667242","media":"Dow Jones","summary":"Facebook parent Meta Platforms Inc.'s stock soared 12% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.Meta reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. .\"We had a good quarter as our community and business continue to grow,\" Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. \"We've made a lot of progress ","content":"<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&rndata=%7B%22liveId%22:%221789120923173915%22,%22type%22:1%7D\" title=\"Meta Q4 Earnings Conference Call\" target=\"_blank\">Meta Q4 Earnings Conference Call</a>】</p><p>Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.'s stock soared 14% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f82cc4b10082f013ea3c24daea496fd1\" tg-width=\"832\" tg-height=\"852\"/></p><p>The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.</p><p>Meta (META) reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.</p><p>Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.</p><p>Analysts surveyed by FactSet had expected on average net income of $4.82 a share on revenue of $39.1 billion.</p><p>A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a>.</p><p>"We had a good quarter as our community and business continue to grow," Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. "We've made a lot of progress on our vision for advancing AI and the metaverse."</p><p>Meta executives forecast first-quarter revenue of between $34.5 billion and $37 billion, while analysts on average were expecting $33.9 billion, according to FactSet.</p><p>Facebook had 2.11 billion daily active users, up 6% from a year ago, and monthly active users improved 3% to 3.07 billion.</p><p>The company's year of efficiency also seems to have paid off: Headcount was slashed 22% to 67,317 in 2023.</p><p>Meta's stock improved 1.2% to $394.78 in Thursday's regular session. The stock has catapulted 109% over the past 12 months, while the broader S&P 500 index SPX has increased 17%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-02 05:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>【<a href=\"https://ttm.financial/RN?name=RNLive&rndata=%7B%22liveId%22:%221789120923173915%22,%22type%22:1%7D\" title=\"Meta Q4 Earnings Conference Call\" target=\"_blank\">Meta Q4 Earnings Conference Call</a>】</p><p>Facebook parent <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.'s stock soared 14% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f82cc4b10082f013ea3c24daea496fd1\" tg-width=\"832\" tg-height=\"852\"/></p><p>The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.</p><p>Meta (META) reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.</p><p>Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.</p><p>Analysts surveyed by FactSet had expected on average net income of $4.82 a share on revenue of $39.1 billion.</p><p>A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a>.</p><p>"We had a good quarter as our community and business continue to grow," Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. "We've made a lot of progress on our vision for advancing AI and the metaverse."</p><p>Meta executives forecast first-quarter revenue of between $34.5 billion and $37 billion, while analysts on average were expecting $33.9 billion, according to FactSet.</p><p>Facebook had 2.11 billion daily active users, up 6% from a year ago, and monthly active users improved 3% to 3.07 billion.</p><p>The company's year of efficiency also seems to have paid off: Headcount was slashed 22% to 67,317 in 2023.</p><p>Meta's stock improved 1.2% to $394.78 in Thursday's regular session. The stock has catapulted 109% over the past 12 months, while the broader S&P 500 index SPX has increased 17%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2408667242","content_text":"【Meta Q4 Earnings Conference Call】Facebook parent Meta Platforms Inc.'s stock soared 14% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.Meta (META) reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.Analysts surveyed by FactSet had expected on average net income of $4.82 a share on revenue of $39.1 billion.A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. $(GOOGL)$ $(GOOG)$.\"We had a good quarter as our community and business continue to grow,\" Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. \"We've made a lot of progress on our vision for advancing AI and the metaverse.\"Meta executives forecast first-quarter revenue of between $34.5 billion and $37 billion, while analysts on average were expecting $33.9 billion, according to FactSet.Facebook had 2.11 billion daily active users, up 6% from a year ago, and monthly active users improved 3% to 3.07 billion.The company's year of efficiency also seems to have paid off: Headcount was slashed 22% to 67,317 in 2023.Meta's stock improved 1.2% to $394.78 in Thursday's regular session. The stock has catapulted 109% over the past 12 months, while the broader S&P 500 index SPX has increased 17%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
