Meta posts robust fourth-quarter earnings amid DeepSeek mania

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The Guardian 3d ago

Meta posts robust fourth-quarter earnings amid DeepSeek mania - The Guardian

Quick Summary:

Mark Zuckerberg tells analysts this is going to be a really big year’ as company sees quarterly revenues of $48.39bnAfter an unprecedented delay, Meta reported earnings more than half an hour after market close on Wednesday.The company posted $48.39bn in fourth-quarter revenue and earnings per share of $8.02, handily beating Wall Street projections of $46.9bn and $6.75 in earnings-per-share".

We continue to make good progress on AI, glasses and the future of social media,” said Mark Zuckerberg, Meta founder and CEO.

"I’m excited to see these efforts scale further in 2025.” Continue reading...