Meta shares jump on strong earnings report
The Hindu
"We had strong business performance in 2025," Meta co-founder and chief executive Mark Zuckerberg said in an earnings release
Meta on Wednesday reported quarterly earnings that topped market expectations, as revenue grew along with investments in artificial intelligence.
The parent of Facebook and Instagram said it made a profit of $22.8 billion on revenue of nearly $60 billion in the recently ended quarter, adding it could take in as much as $56.5 billion in the current quarter.
"We had strong business performance in 2025," Meta co-founder and chief executive Mark Zuckerberg said in an earnings release.
Meta shares rose more than 8 percent in after-market trades.
Some 3.58 billion people used apps owned by Meta daily in the quarter, which are being enhanced with the help of AI, according to the social networking giant.
Meanwhile costs tallied $35.15 billion, an increase of 40 percent from the same period a year earlier, the earnings reported noted.
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