Industry News

Goal attracts its coffers a copious rain of millions that will reinvest the AI


Goal satisfied the initial expectations of analysts after presenting the results corresponding to the fourth and last quarter of 2024. And Wall Street rewarded the company by lifting the value of its titles by 4% after Mark Zuckerberg, Meta CEO, announced that the company that leads would invest in the long term “hundreds of billions of dollars” Ia.

The Facebook and Instagram matrix exceeded the expectations of analysts with their latest quarterly results, which were taken in Volandas by AI, smart glasses and social networks.

In the period between October and December 2024 Meta generated income of 48.4 billion dollars, 21% more than with respect to the same period of the previous year. The American multinational also reported earnings per share of $ 8.02 and net income of $ 20.8 billion. Throughout the year as a whole target obtained, on the other hand, a turnover of 164,500 million dollars, 22% more than in 2023.

The analysts had anticipated that Meta would finish the fourth and last quarter of 2024 with a turnover of 47,000 million dollars, with net income of 17.4 billion dollars and with a benefits per share of $ 6.75.

Worse was in the last quarter to reality labs, the goal division with the focus on the development of virtual reality technologies and augmented reality. Between October and December 2023 this division threw losses of 4,970 million dollars and a turnover of 1.1 billion dollars. The income obtained by goal in this activity segment was in line with those previously anticipated by analysts, who also presaged even more important losses (5.4 billion dollars) to those generated eventually by reality labs. Throughout the year 2024 reality lamps accumulated Global losses of 17.7 billion dollars that target can perfectly assume thanks to its sanitized accounts.

Despite its good results in the last quarter, In the face of the current current quarter, something more cautious is shown and prophesies a turnover of between 39,500 and 41,8 billion dollars (Something below the expectations of analysts, encrypted at 41,7 billion dollars).

2024 has won in general terms very good news to MetA, whose shares were gaping 15.5% during the past year.

Goal plans to continue investing at full hands in AI

“We continue to make positive progress in AI, smart glasses and the future of social network”Zuckerberg said after the presentation of the latest quarterly target results. “This excited to see how all these efforts are expanded in 2025,” he added.

Last week Zuckerberg announced in a post published on Facebook that Meta planned to pay between 60,000 and 65,000 million dollars in AI throughout this year. The Meta CEO hopes to convert the company’s AI in the “leading assistant with more than 1,000 million users” in 2025. Zuckerberg also wishes that he calls 4, the Meta’s model, becomes the course of the next months in the most advanced model of the artificial intelligence market.

To give wings to their efforts in the AI ​​area Goal is currently building a data center with capacity for more than two gigawatts. In addition, the company intends to provide more than 1.3 million graphic processing units (GPU) at the end of this year.

Along the same lines, goal also foreseesEguir expanding their teams enshrined to the development of AI models.

The frank entry of the Chinese Startup of the Deepseek and its “low cost” models does not seem to worry about the analysts for nowto whom the ambitious goal plans with the focus on artificial intelligence continue to instill excitement.

Shortly before the curtain of its latest quarterly results, The Wall Street Journal He echoed that Donald Trump had sealed an agreement with a goal for the technology company to pay an amount of $ 25 million to resolve a lawsuit that the president of the United States recorded against Meta in 2021. Trump took the determination to sue Meta after that Facebook expelled him from his platform after the assault on the Capitol perpetrated on January 6, 2021.



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