The company that contains Facebook announced better than expected results; reported revenues of US$40.1 billion compared to the US$39 billion projected and announced share buybacks for US$50 billion.
Meta shares soar up to 11% after presenting its latest balance sheet
Meta Platforms, whose trade name is Goalannounced better than expected results since it reported income of US$40.1 billion compared to the US$39 billion that the market projected and announced the repurchase of shares for US$50 billion.
At the same time, in the balance, they reported that they reached the 3 billion monthly users. After knowing the quarterly report, stocks rose in the aftermarket Almost 15% and US$110,000 million entered in market capitalization in tan Just 10 minutes.
GOAL: excellent balance
Meta reported this Thursday a net profit of US$14,000 million in the last quarter of last year, exceeding analysts’ forecasts. “We had a good quarterour community and our business continue to grow,” said the head of Meta Mark Zuckerberg it’s a statement.
The company that is part of one of the “magnificent seven” also announced that, For the first time since it was listed on the stock market, it will pay a dividend of US$0.50 gross per share and that the date will be March 26.
Accounting for all Meta applications, the company reported 3.19 billion daily active people (DAP) on average for December 2023, an increase of 8% year-on-year. Family monthly active persons (MAP) amounted to 3.98 billion as of December 31, an increase of 6% annually.
Looking ahead, Meta forecast for the first quarter of 2024, revenues in the range of US$34.5 billion to US$37 billion. This forecast exceeds the consensus estimate of $33.83 billion, indicating that the company continues to expand.
Meta reaffirmed his prediction that Total expenses for the entire year 2024 will be in the range of US$94 billion to US$99 billion. Regarding share buybacks, Meta revealed that it had repurchased US$6.32 billion of its Class A common shares in the fourth quarter and US$20.03 billion for all of 2023.
As of December 31, 2023, The company had US$30,930 million available for new buybacks.
Source: Ambito
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