Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.
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, sending its shares up in after-hours trading even as it forecast increasing expenses on its artificial intelligence efforts.
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 a bit as investors wait to ...
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 ...
Celestica surges as Q4 results, outlook strengthened by AI spending
Celestica (NYSE:CLS) shares rose more than 14% in early trading on Thursday, as the electronics manufacturing company continues to benefit from the rise in artificial intelligence spending. Celestica ...
Marketing Dive51m
Meta’s AI tools attract more advertisers as tech enters ‘defining’ year
More than 4 million advertisers are now using the company’s generative AI offerings while Meta is working to streamline its Advantage+ ad products.
Corning Beats On Q4: AI Boom Powers 51% Optical Sales Surge, Stock Climbs
Corning Inc GLW shares are trading higher after the company reported fourth-quarter 2024 results. Core sales grew 18% year-on ...
IBM Q4 Earnings Ahead: AI momentum and Red Hat business in focus
Multinational technology company, International Business Machines (IBM) is scheduled to report its fourth quarter earnings ...
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 ...
Coherent Corp. (COHR) Reports Strong Q4 Growth, Strengthens AI Position with GE Vernova Partnership
Peter Oppenheimer, the chief of global equity strategy and the head of macro research for Goldman Sachs in Europe, opined ...
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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 ...
Computing6h
AI continues to drive tech giant revenue
Meta enjoyed a record Q4, with Microsoft also reporting strong results – although missing analyst expectations.