The company delivered $59.89 billion in revenue for the fourth quarter of last year, beating Wall Street’s estimate of $58.41 billion. Earnings per share came in at $8.88 versus expectations of $8.19. The stock was up over 8% in after-hours trading.<\/p>\n
Meta CEO Mark Zuckerberg made the case for his company’s continued AI expansion \u2014 and its need to continue scaling infrastructure \u2014 after Meta’s fourth-quarter earnings on Wednesday included a revenue beat but higher-than-expected capital spending.<\/p>\n
On capex, Meta said it expects to spend between $115 billion and $135 billion in 2026, compared to estimates for $110.62 billion.<\/p>\n
On the call with analysts, Zuckerberg said Meta was a “deep technology company” that should pursue its own frontier model rather than rely on others’ APIs. As for the superintelligence lab, Zuckerberg gave the “unfulfilling” answer that he was optimistic about the future.<\/p>\n
Ultimately, ads are still the center of Meta’s business \u2014 and Zuckerberg acknowledged it. One analyst asked whether Meta can “do things beyond ads.” Zuckerberg said yes, but that ads will continue to be Meta’s “driver of growth” for the next couple of years.<\/p>\n
Catch up on the play-by-play from Meta’s Q4 earnings call with analysts below:<\/p>\n
Source: RhinoEasy News<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The company delivered $59.89 billion in revenue for the fourth quarter of last year, beating Wall Street’s estimate of $58.41<\/p>\n","protected":false},"author":1,"featured_media":1469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-1470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-recommended"],"_links":{"self":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts\/1470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1470"}],"version-history":[{"count":0,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/posts\/1470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=\/wp\/v2\/media\/1469"}],"wp:attachment":[{"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhinoeasy.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}