Meta Beats Revenue Expectations, Announces First Shareholder Payouts While Continuing Big Bets on AI and the Metaverse
• Meta's revenue beat expectations at $40.1 billion in Q4, a 25% increase year-over-year • The company announced dividends for investors for the first time at 50 cents per share, and a $50 billion share buyback program • Meta is pivoting to focus more on AI, including using it to enhance ads and power new products like AI chatbots • Regulatory scrutiny remains high after Zuckerberg's Congressional hearing about child safety • Reality Labs, Meta's VR/AR division, saw increased losses to $4.65 billion as Meta continues investing in the metaverse