Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta turned in a big beat for the fourth quarter of 2024, with the parent of Facebook and Instagram reporting record quarterly revenue and net profit to close out the year. The strong results come as the company is looking ahead to a massive increase in AI-fueled capital spending in 2025 — and as Meta
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.
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. Founder-CEO Mark Zuckerberg ...
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 ...
IBM's Q4 Review: AI Renaissance Continues To Defy Naysayers
IBM's Q4 report shows strong growth, driven by GenAI tailwinds, with AI bookings exceeding $5 billion. See why I reiterate my buy rating for IBM stock.
Tesla Q4 results fall short of forecasts. Musk sees unsupervised full self-driving in Texas in June
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest ...
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 ...
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 ...
Zuckerberg Defends Meta’s Massive AI Spend amid DeepSeek Frenzy
CEO Mark Zuckerberg addressed the pressing issues of massive AI (artificial intelligence) expenditure and DeepSeek’s AI ...
ServiceNow stumbles with Q4 revenue miss and tepid guidance for the year ahead
ServiceNow Chief Financial Officer Gina Mastantuono blamed the shortfall on the strengthening of the U.S. dollar, saying that ...
Computing1h
AI continues to drive tech giant revenue
Meta enjoyed a record Q4, with Microsoft also reporting strong results – although missing analyst expectations.