Meta Platforms (META) Surges 14% with Record Q4 Earnings and Milestone Achievements

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Meta, the social media giant, had an outstanding year in the stock market, and it's not slowing down. Latest reports reveal that Meta Platforms (META) surprised analysts with fourth-quarter earnings, achieving $5.33 per share on $40.1 billion in sales, beating expectations. The company is also issuing its first-ever dividend of 50 cents per share.

Year-over-year, sales and earnings soared by 25% and 203%, respectively. Looking ahead, Meta projects sales between $34.5 billion and $37 billion for the current quarter, surpassing analyst predictions. Following the news, Meta's stock spiked over 14% in after-hours trading.

Mark Zuckerberg, Meta's CEO, highlighted progress in AI and the metaverse. Facebook's monthly active users reached 3.07 billion, and digital advertising generated $38.7 billion in ad sales. Despite a loss in Meta's Reality Labs division due to metaverse investments, the Family of Apps, including Facebook, Instagram, WhatsApp, Reels, and Threads, brought in $21 billion in income.

Efficiency measures reduced Meta's workforce by 22% in 2023. Meta's stock had a 14% gain, with a remarkable 194% surge last year. In January, Meta joined the trillion-dollar club, boasting a market cap over $1 trillion. It maintains a strong position on the IBD 50 list and IBD Leaderboard with a Relative Strength Rating of 96. Additionally, Meta flaunts a perfect IBD Composite Rating of 99, showcasing its strength across technical and fundamental metrics. The company is on a remarkable trajectory.

  • Meta Platforms (META) exceeded expectations in Q4, reporting $5.33 per share on $40.1 billion in sales, leading to a 14% spike in after-hours trading.

  • CEO Mark Zuckerberg announced a 25% YoY sales increase and a remarkable 203% surge in earnings. Meta will issue its first-ever dividend of 50 cents per share.

  • Facebook's monthly active users hit 3.07 billion, and digital advertising contributed significantly, generating $38.7 billion in ad sales.

  • Despite a loss in Meta's Reality Labs division due to metaverse investments, the overall Family of Apps, including Facebook, Instagram, WhatsApp, Reels, and Threads, brought in a substantial $21 billion in income.

  • Meta's stock remained robust, gaining 14% and reaching a trillion-dollar market cap in January. The company holds an impressive IBD Composite Rating of 99, indicating strength across technical and fundamental metrics.

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