澳洲幸运5官方开奖结果体彩网

Meta Q4 Earnings Beat Expectations; First Dividend Announcement Boosts Stock

By
澳洲幸运5官方开奖结果体彩网:Mrinalini Krishna
Mrinalini Krishna
澳洲幸运5官方开奖结果体彩网:Full Bio
Mrinalini Krishna is the Senior Editor of investing news at Investopedia. She's been a journalist for more than 10 years covering business, personal finance, and investing news.
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Published February 01, 2024
04:35 PM EST
The Meta logo is displayed during the Viva Technology conference at Parc des Expositions Porte de Versailles on June 14, 2023 in Paris, France.

Chesnot / Contributor / Getty Images

Key Takeaways

  • Meta Platforms' fourth-quarter earnings and revenue analysts' expectations
  • Company announced first-ever quarterly dividend payout of 50 cents per share.
  • Net income more than tripled to $14.02 billion, or $5.33 per diluted share
  • Revenue rose 25% to $40.11 billion

Meta Platforms' () fourth-quarter earnings and revenue beat analyst expectations. The company also announced a 50 cents a share quarterly dividend payout for the first time, sending the company's shares more than 14% higꦉher in after-hours trading.

The company's net income more than tripled to $14.02 billion, or $5.33 per diluted share, compared to $12.89 billion or $4.90 per diluted share pegged by analysts. Revenue increased 25% to $40.11 billion.

"We've made a lot of progress on our vision for advancing AI and the metaverse," said the company's founder and CEO Mark Zuckerberg.

Q4 2023 Analyst Estimates for Q4 2023 Q4 2022 Year-over-year % change
Revenue $40.11 billion $38.9 billion $32.2 billion 25%
Earnings Per Share (Diluted) $5.33 $4.90 $1.76 203%
Net Income ($B) $14.02 billion $12.89 billlion $4.65 billion 201%

Meta shares werಞe up 14.2% at $450.89 at around 4:35 p.m. ET.

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