Meta Platforms (NASDAQ:META), the tech giant known for its popular social media apps like Facebook and Instagram, announced its fourth-quarter earnings for 2024 on January 29, 2025.

The results highlighted a strong performance in its core advertising business, led by advancements in artificial intelligence (AI). The company recorded earnings per share (EPS) of $8.02, beating the analyst estimate of $6.76 by a significant margin. Revenue was $48.39 billion for the quarter, exceeding expectations of $46.99 billion.

Overall, the quarter demonstrated the company's ability to capitalize on AI-driven strategies amidst a challenging regulatory environment.

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Source Fool.com