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Wall Street weighs on Meta's outperformance in Q4 driven by AI efforts, ad market dominance
On Wednesday after the bell, Meta (NASDAQ:META) reported fourth-quarter results, where it topped forecasts for revenues, profit, and users. Q4 revenues grew 21% year-over-year to $48.39B, easily topping analyst consensus for $46.
Meta posts sharply higher Q4 profit, revenue, topping Wall Street's expectations
Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts.
Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.
4h
on MSN
Celestica surges as Q4 results, outlook strengthened by AI spending
Celestica (CLS) shares rose more than 14% in early trading on Thursday on the back of strong results. Read for more.
31m
Meta Reports Strong Q4 Earnings, Zuckerberg Highlights AI and Ad Growth
Meta Platforms (META, Financials) reported fourth-quarter 2024 earnings that exceeded expectations, driven by strong ...
14h
IBM Beats Q4 Estimates, Bets Big On AI With $2 Billion Generative AI Business
IBM delivered better-than-expected fourth-quarter results and unveiled its big bets on artificial intelligence strategies and ...
14h
on MSN
Meta Q4 Beats On Top & Bottom Lines Amid AI Jitters, Reported Legal Settlement With President Trump
Meta beat on key fourth quarter numbers but forecasts for the current first quarter disappointed. Founder-CEO Mark Zuckerberg ...
fingerlakes1
1h
Corning Inc. reports strong Q4 results fueled by AI
Corning Inc. posted record fourth-quarter 2024 core sales of $3.9 billion, an 18% increase year over year, surpassing Wall ...
2h
on MSN
Blackstone Beats in Q4; AUM Sets Record
Blackstone beat earnings expectations in Q4 2024, showcasing strong growth in key financial metrics.
Marketing Dive
3h
Meta’s AI tools attract more advertisers as tech enters ‘defining’ year
More than 4 million advertisers are now using the company’s generative AI offerings while Meta is working to streamline its ...
2d
on MSN
IBM Q4 Earnings Ahead: AI momentum and Red Hat business in focus
Multinational technology company, International Business Machines (IBM) is scheduled to report its fourth quarter earnings ...
1d
Meta to announce Q4 earnings amid AI spending spree
Shares of Meta are up 65% over the last 12 months.
7h
Tsai Capital’s Q4 2024 Investor Letter
Tsai Capital, an investment management company, released its fourth quarter investor letter. Tsai Capital celebrated 25 years ...
Computing
9h
AI continues to drive tech giant revenue
Meta enjoyed a record Q4, with Microsoft also reporting strong results – although missing analyst expectations.
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