Meta smashes expectations

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Liam Gill
February 02, 2024

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Meta reported a strong fourth-quarter performance with earnings and revenue surpassing expectations. The company also declared its first-ever dividend payment. Revenue increased by 25% year-over-year, with a notable reduction in expenses and a significant boost in operating margin. Net income more than tripled from the previous year. Additionally, Meta announced a $50 billion share buyback and revealed a dividend payment plan. The stock surged 15% in extended trading, reflecting the positive earnings report and Meta's optimistic outlook.

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