📈 Meta Reports Growth for Q4 and Full Year 2023
Meta Platforms, Inc. (Nasdaq: META) has summarized its financial performance for the fourth quarter and the entire year of 2023, which ended on December 31, 2023. The company noted significant growth in revenue and profit, and announced the initiation of quarterly dividend payments.
- Q4 revenues were $40,111 million, which is 25% higher than last year, and for the entire year — $134,902 million, an increase of 16%.
- Net profit for Q4 grew by 201% to $14,017 million, and for the year — by 69%, reaching $39,098 million.
- For Q4 and the entire year, expenses decreased by 8% and increased by 1% respectively.
- The company also announced a quarterly dividend payment of $0.50 per share.
Meta's growth is supported by an increase in the number of active users across all family apps and improved advertising efficiency. Special attention is being paid to the development of artificial intelligence (AI) technologies and strategic initiatives in the field of virtual reality.
P.S. It seems that the financial results for Meta, Microsoft, and Google are normalizing. What do you think?