Meta beats on revenue, provides soft guidance
- Meta Platforms reported fourth-quarter revenue of $48.4 billion, exceeding analysts' expectations of $47.0 billion, as stated in their financial results.
- The company expects first quarter revenue between $39.5 billion and $41.8 billion, which is below the analysts' average estimate of $41.72 billion.
- CEO Mark Zuckerberg announced a capital expenditure plan of up to $65 billion for 2025 to enhance AI infrastructure, while also increasing hiring for AI roles.
- Meta's family daily active people metric rose about 5% to 3.35 billion, indicating growth in user engagement across its platforms.
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Total News Sources0
Leaning Left8Leaning Right2Center8Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
45% Center
L 44%
C 45%
11%
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