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7 months ago
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Following a day in which CEO Mark Zuckerberg took a drubbing at a Senate hearing, Meta today reported strong revenue growth that beat expectations.
The company also declared a cash dividend of $0.50 per share, its first ever.
Revenue for the three months ended Dec. 31 climbed 25% to $40.1 billion, driven by growth in ad impressions across its platforms.
Meta reported income of $14.02 billion.
“We had a good quarter as our community and business continue to grow,” Zuckerberg said in a statement. “We’ve made a lot of progress on our vision for advancing AI and the metaverse.”
Meta also said that it expects first quarter 2024 total revenue to be in the range of $34.5 to $37 billion.
More to come.
