Meta Shares Rise After Company Reports 24% Rise In Revenue—Smashing Expectations

ToplineFourth-quarter earnings and revenue released Wednesday by Meta exceeded Wall Street’s expectations, as the tech giant said it anticipated increased spending this year as it allocated more resources toward AI. The company previously said it would rapidly increase spending to meet AI goals. Copyright 2024 The Associated Press. All rights reservedKey FactsMeta reported $59.8 billion in revenue and $8.88 earnings per share through Q4, marking an annual increase of 24% and 11%, respectively.Those figures ...