Posted 2/11/2024, 4:01:00 PM
Meta Soars Past Expectations with Triple Digit Earnings Growth, Powers Toward AI-Driven Advertising Future
- Meta Platforms' stock price is up 154% over the past year due to strong revenue and earnings growth
- The company grew revenue 25% and tripled earnings in Q4 2022, beating expectations
- Meta is gaining market share in the digital advertising industry, now controlling 21.5% of the market
- AI products like Advantage+ are helping Meta improve ad targeting and efficiency
- Analysts estimate 32% annual earnings growth over the next 5 years, which could lead to 180% stock price gains