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Meta set to report earnings: Update on revamped AI strategy is key to fourth quarter
Meta reported fourth-quarter earnings on Wednesday and provided stronger-than-expected sales guidance that caused shares to rise as much as 4% in after-hours trading.Here's how the company did, compared with estimates from analysts polled by LSEG:
Meta said it expects first-quarter sales to come in the range of $53.5 billion to $56.5 billion, ahead of analyst estimates of $51.41 billion.
The company said fourth-quarter sales rose 24% year-over-year.Meta said that fourth-quarter daily active people came in at 3.58 billion, in line with Wall Street estimates.The social media giant said it expects the total expenses for 2026 to come in between $162 billion through $169 billion.
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Meta to report Q4 earnings amid AI spending concerns
Meta (META) announced its fourth quarter earnings on Wednesday, topping analysts' expectations on the top and bottom lines.
The company also provided its 2026 capital expenditures guidance, saying it anticipates spending between $115 billion and $135 billion in 2026, up from the $72.22 billion the company spent in 2025.
In Q4, Meta reported earnings per share (EPS) of $8.88 on revenue of $59.9 billion, ahead of the $8.16 and $58.4 billion analysts were expecting based on Bloomberg analyst consensus estimates.
Meta’s Reality Labs division brought in $955 million versus an anticipated $959 million. But the company also booked losses related to the segment of $6 billion. Analysts were expecting an operating loss of $5.9 billion.
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Meta earnings live updates: Stock climbs as investors weigh revenue beat against big capex spending
Meta earnings are in, investors are weighing a revenue beat against higher-than-expected capital spending.
The company delivered $59.89 billion in revenue for the fourth quarter of last year, compared to estimates of $58.41 billion. Earnings per share came in at $8.88 versus expectations for $8.19.
Capex, though, was the big number investors were eyeing heading into the report, and Meta said that it plans to spend a lot more than Wall Street was expecting. It guided 2026 capex at $115 billion TO $135 billion, compared to estimates for $110.62 billion.
The stock was up about 3% in after-hours trading following the results. Shares closed slightly lower in Wednesday's session.
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