Meta Platforms Inc (NASDAQ:META) reported financial results for the fourth quarter after the market close on Wednesday. Here’s a look at the key metrics from the quarter.
- Meta Platforms stock is trading in a tight range. What’s ahead for META stock?
Meta Beats Estimates For Revenue, EPS In Q4
Meta reported fourth-quarter revenue of $59.89 billion, beating analyst estimates of $58.30 billion. The company reported fourth-quarter adjusted earnings of $8.88 per share, beating estimates of $8.16 per share, according to Benzinga Pro.
Total revenue was up 24% on a year-over-year basis. Family daily active people climbed 7% year-over-year to 3.58 billion. Ad impressions jumped 18% year-over-year and average price per ad increased by 6% year-over-year.
Operating margin totaled 41%, down from 48% in the prior year’s quarter. Costs and expenses came in at $35.15 billion, up 40% year-over-year. Capital …