AI-Powered Success: Meta Platforms Rose in 2024
In 2024, Meta Platforms‘ stock returned an astounding 70%, surpassing the S&P 500’s 24% gain, as the social media behemoth regained investor trust and profitability. This remarkable achievement was the result of strategic reorganization, operational simplification, and a strong emphasis on artificial intelligence (AI) integration. Additionally, in an effort to attract more investors, the social media business raised dividends to boost shareholder returns.
Meta Exceeds Q3 2024 Expectations: Revenue Up 19%, EPS Up 37%
When Meta’s financials were released on Wednesday, the company handily exceeded Wall Street’s expectations: revenue increased by 19% to $40.6 billion, and EPS increased by 37% to $6.03 for the third quarter of 2024. Family DAP was a crucial statistic that increased annually, even if its 5% growth was a little below analyst projections. Despite this, metrics indicated that the company’s global user base kept expanding, solidifying its market leadership.
The company has increased its capital expenditure (capex) projection for 2025 from $38 billion to $40 billion in order to keep up with the rising infrastructure expenditures associated with investments in artificial intelligence (AI) technology. The change appears to be a part of a larger meta-strategy to expand its market presence and take advantage of emerging AI opportunities.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment