Meta Platforms Reports Q4 2024 Revenue of $48.39B and Net Income of $20.84B, Plans $60-65B AI Investment

11 months ago 10
Meta Platforms Inc. reported a robust performance for the fourth quarter of 2024, with revenue reaching $48.39 billion, up 21% year-over-year, and net income soaring to $20.84 billion, a 49% increase from the previous year. Earnings per share stood at $8.02, surpassing the analyst consensus of $6.76. The company's u...
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