Meta posts lower Q4 profit, announces huge stock buyback

Meta posts lower Q4 profit, announces huge stock buyback

SAN FRANCISCO (AP) — Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok. But the company’s stock soared in extended trading, as its revenue beat Wall Street’s muted expectations and the Menlo Park, California-based company announced […]

Meta posts lower Q4 profit, announces huge stock buyback

Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition fr

Meta stuns Street with lower costs, big buyback, upbeat sales

Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency."

Meta Posts Lower Q4 Profit, Announces Huge Stock Buyback

SAN FRANCISCO (AP) — Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.

Another drop in quarterly profit, but Meta is doing better than expected

The number of daily users on Facebook grew to an average of two billion, a quarter of the world's population, in the fourth quarter of 2022.

Meta stuns Street with lower costs, big buyback, upbeat sales

The parent of Instagram and Facebook cut its cost outlook for 2023 by $5 billion to a range of $89 billion-95 billion, and projected first-quarter sales that could beat Wall Street estimates.