Summary by Moomoo AI
On February 1, 2024, Meta Platforms, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2023. The company announced significant growth with a 25% increase in quarterly revenue to $40.11 billion and a 16% increase in annual revenue to $134.90 billion. Net income saw a substantial rise, with a 201% increase to $14.02 billion for the quarter and a 69% increase to $39.10 billion for the year. Earnings per share (EPS) also surged by 203% to $5.33 for the quarter and by 73% to $14.87 for the year. Operational highlights included an 8% increase in daily active people and a 6% increase in monthly active people across Meta's family of apps. The board of directors authorized a $50 billion increase in the share repurchase program and declared a quarterly cash dividend of...Show More
