Meta shares pop after company beats on revenue
Publishing timestamp: 2025-01-29 17:00:01
Summary
Meta reported fourth-quarter earnings that beat expectations, with sales jumping 21% and net income growing 49% year over year. CEO Mark Zuckerberg expressed optimism about the company's future, particularly in the AI sector. Meta plans to invest between $60 billion and $65 billion in capital expenditures in 2025 to fuel its artificial intelligence strategy. The company's Reality Labs unit logged an operating loss of $5 billion in the fourth quarter.
Sentiment: POSITIVE
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Source: https://www.cnbc.com/2025/01/29/meta-q4-earnings-report-2024.html