Facebook (META) Q4 2024 earnings results beat EPS and revenue expectations
Stock in the company made gains in after-hours trading after some turbulence.
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Stock in the company made gains in after-hours trading after some turbulence.
The Reality Labs division put up losses of $4.97 billion in Q4 2024 alone.
Tune in to hear what Facebook's parent company has to say about the latest quarter and the months ahead.
The layoffs will remove 5 percent of Meta's workforce as an effort to 'move out low performers faster' in preparation for 'an intense year,' said CEO Mark Zuckerberg.
The Meta company's losses on Reality Labs were just about the same between Q2 and Q3 2024.
Facebook's parent company managed to top expectations for both EPS and revenue this quarter.
The number is up five percent from this time in 2023.
Tune in for more information out of Facebook's Q3 2024 earnings report.
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Facebook, Instagram, and WhatsApp combined for 3.27 billion DAUs for parent company Meta in Q2 2024.