Meta Platforms Reports Strong Earnings Boosted by AI Investments
Meta Platforms (NASDAQ: META) announced a 24% increase in revenue to $60 billion and a nearly 11% rise in earnings per share to $8.88 for the fourth quarter, surpassing Wall Street estimates of $8.22. Shares of the company rose over 7% following the earnings release.
The company saw its daily active users grow by 7% year-over-year to 3.58 billion and reported an 18% increase in ad impressions, while managing to achieve a 6% increase in the average price per ad. Looking ahead, Meta plans to significantly increase capital expenditures related to AI initiatives, projecting an investment of $115 billion to $135 billion in 2026, up from $72 billion in 2025.
