Wall Street weighs on Meta’s outperformance in Q4 driven by AI efforts, ad market dominance

On Wednesday after the bell, Meta (NASDAQ:META) reported fourth-quarter results, where it topped forecasts for revenues, profit, and users.

Q4 revenues grew 21% year-over-year to $48.39B, easily topping analyst consensus for $46.98B. GAAP EPS of $8.02 was ahead of expectations by $1.26.