Meta Earnings Call Q4 2023: Profit Triples, Dividend Announced
Meta Shares Soar After Impressive Financial Results
February 1, 2024
Meta Platforms Inc. (META) held a conference call to discuss its fourth-quarter 2023 financial results on February 1, 2024, at 2 pm PT. During the call, Meta announced impressive financial performance, including a threefold increase in profits and the company's first-ever dividend.
Meta reported net income of $32.6 billion for Q4 2023, a significant increase from the $10.9 billion reported in the same period last year. This surge in profitability was driven by strong growth in advertising revenue, which accounted for $31.6 billion in Q4.
In a major surprise, Meta also announced a quarterly dividend of $0.50 per share, payable to shareholders on April 1, 2024. This move reflects the company's confidence in its future financial prospects and represents a significant milestone in Meta's journey as a public company.
Following the announcement, Meta shares jumped in after-hours trading, rising by over 15%. This positive market reaction highlights investor optimism about Meta's future growth potential and the company's commitment to returning value to shareholders.
The live webcast of the conference call is available at the following link: META Q4 2023 Earnings Call Transcript
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