Meta Platforms Inc., the parent company of Facebook and Instagram, revealed a blowout Q4 in its latest earnings report, but warned Wall Street that its capital expenditures will soar in 2025, partly due to its investment in generative AI technology.
Revenue in Q4 was $48.4 billion, with net income of $20.8 billion, up 21 percent and 49 percent from the year before.
“This is going to be a really big year,” Meta CEO Mark Zuckerberg told Wall Street analysts Wednesday…
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