Zuckerberg likely to be asked about plans to spend $60-65bn in ballooning AI investments in 2025 as tech firm faces increased competitionAfter an unprecedented delay, Meta reported earnings more than half an hour after market close on Wednesday. The company posted $48.39bn in fourth-quarter revenue and and earnings per share of $8.02, handily beating Wall Street projections of $46.9bn and $6.75 in earnings-per-share.“We continue to make good progress on AI, glasses and the future of social media,” said Mark Zuckerberg, Meta founder and CEO. “I’m excited to see these efforts scale further in 2025.” The day before, an internal memo leaked that said Meta’s Reality Labs division, which oversees its Meta Ray Bans smart glasses, had grown by nearly 40% and beaten all its sales and revenue targets. Continue reading…
Source link : https://www.theguardian.com/technology/2025/jan/29/facebook-meta-earnings-report
Author : Johana Bhuiyan
Publish date : 2025-01-29 22:34:00
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Meta posts robust fourth-quarter earnings amid DeepSeek mania
By IntelliNews