Meta Platforms, Inc. (NASDAQ: META) reported its fourth quarter 2024 earnings results today.
Revenue increased 21% year-over-year to $48.39 billion.
Net income increased 49% to $20.84 billion while earnings per share rose 50% to $8.02 compared to last year.
Revenue and earnings beat expectations, allowing the stock to gain over 5% in aftermarket hours on Wednesday.
Family daily active people (DAP) was 3.35 billion on average for December 2024, an increase of 5% year-over-year.
Cash, cash equivalents, and marketable securities were $77.81 billion as of December 31, 2024.
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