Meta Platforms delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement.
Meta Platforms on Wednesday evening delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement. Revenue in the fourth quarter rose over 20% year over year to $48.4 billion, outpacing the $47 billion consensus estimate compiled by LSEG. Earnings per share in the three months ended Dec. 31 surged more than 50% to $8.02, crushing the LSEG's consensus estimate of $4.25.
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.
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