"Meta's fourth-quarter results jumped past Wall Street's expectations thanks to solid advertising revenue, sending shares sharply higher in after-hours trading Wednesday. The company earned $22.77 billion, or $8.88 per share, in the October-December quarter. That's up 9% from $20.84 billion, or $8.02 per share, in the same period a year earlier. Revenue grew 24% to $59.89 billion from $48.39 billion."
"Meta's expenses, which the company already warned will be significantly higher this year, grew 40% to $35.15 billion. For the current quarter, Meta is forecasting revenue in the range of $53.5 billion to $56.5 billion. That's above analysts' forecast of $51.4 billion. For 2026, Meta is forecasting expenses in the range of $162 billion to $169 billion, driven by infrastructure costs and employee compensation, particularly for the artificial intelligence (AI) experts it's been hiring at eye-popping pay levels."
Meta reported Q4 earnings of $22.77 billion, or $8.88 per share, up 9% year-over-year, with revenue of $59.89 billion, a 24% increase from $48.39 billion. Analysts had expected $8.21 per share on revenue of $58.5 billion, and shares rose sharply after hours. Expenses rose 40% to $35.15 billion and are forecasted to be significantly higher going forward. Meta forecasts Q1 revenue of $53.5 billion to $56.5 billion, above analysts' $51.4 billion estimate, and projects 2026 expenses of $162 billion to $169 billion due to infrastructure and high pay for AI talent.
Read at Fast Company
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