FX.co ★ Meta Platforms, Inc. Profit Advances In Q4, Beats Estimates

Meta Platforms, Inc. (META) has reported its fourth-quarter earnings, showcasing an impressive increase from the previous year and surpassing Wall Street forecasts. The company's net income for the quarter reached $20.838 billion, translating to $8.02 per share, compared to $14.017 billion or $5.33 per share during the same period last year. On average, analysts had projected earnings of $6.76 per share, typically excluding any special items from their calculations. Additionally, Meta's revenue experienced a 20.6% growth, climbing to $48.385 billion from the previous year's $40.111 billion.

Key figures for Meta Platforms, Inc. under Generally Accepted Accounting Principles (GAAP) are as follows:

- Net Income: $20.838 billion, compared to $14.017 billion last year.

- Earnings Per Share (EPS): $8.02, up from last year's $5.33.

- Revenue: $48.385 billion, an increase from $40.111 billion the previous year.