Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta turned in a big beat for the fourth quarter of 2024, with the parent of Facebook and Instagram reporting record quarterly revenue and net profit to close out the year. The strong results come as the company is looking ahead to a massive increase in AI-fueled capital spending in 2025 — and as Meta
Meta Smashes Earnings Expectations in Q4, Mark Zuckerberg Touts “U.S. Administration That Is Proud of Our Leading Companies”
Meta Platforms Inc., the parent company of Facebook and Instagram, revealed a blowout Q4 in its latest earnings report, but warned Wall Street that its capital expenditures will soar in 2025, partly due to its investment in generative AI technology.
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.
Meta to announce Q4 earnings amid AI spending spree
CEO Mark Zuckerberg announced that Meta plans to spend between $60 billion and $65 billion on AI infrastructure projects throughout 2025, including the construction of a data center that the executive says is so large its footprint would cover a large chunk of Manhattan.
Meta Smashes Earnings Expectations in Q4, Warns Generative AI Expenses Will Soar in 2025
Meta Platforms Inc., the parent company of Facebook and Instagram, revealed a blowout Q4 in its latest earnings report, but warned Wall Street that its capital expenditures will soar in 2025, partly due to its investment in generative AI technology.
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 ...
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 ...
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Meta's stock surges following robust Q4 results, AI investment plans
Meta Platforms, previously Facebook, saw its stock value soar by nearly 4% in after-hours trading. The surge came after the company announced plans to invest "hundreds of billions of dollars" into ...
Tesla Q4 results fall short of forecasts. Musk sees unsupervised full self-driving in Texas in June
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest ...
Microsoft shares slide on cloud outlook; Meta up after Q4 beat
Microsoft shares fell in Europe on Thursday after it issued a downbeat forecast for its cloud business, while Facebook parent ...
IBM Q4 Earnings Ahead: AI momentum and Red Hat business in focus
Multinational technology company, International Business Machines (NYSE:IBM) is scheduled to report its fourth quarter ...
Zuckerberg Defends Meta’s Massive AI Spend amid DeepSeek Frenzy
CEO Mark Zuckerberg addressed the pressing issues of massive AI (artificial intelligence) expenditure and DeepSeek’s AI ...
Corning Beats On Q4: AI Boom Powers 51% Optical Sales Surge, Stock Climbs
Core sales grew 18% year-on-year to $3.87 billion, beating the analyst consensus estimate of $3.76 billion. The Apple glass ...
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Tesla (TSLA) Q4 2024 earnings results and conference call transcript
Tesla just released its Q4 2024 earnings results, and the stock is reacting in after-hours trading. The EV company reported ...
ASML Holding: A Strong AI Play After Q4, Yet Not Without Risks
ASML Holding N.V.'s complex, high-cost business model and reliance on a few partners are mitigated by secular trends and ...