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Meta delights the market with $14 billion in net profit in the 4th quarter

Meta delighted Wall Street on Thursday with $40 billion in revenue in the fourth quarter of 2023, of which it generated $14 billion in net profit, thanks to the budgetary discipline put in place in 2023 and new artificial intelligence tools to advertisers.

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Meta delights the market with $14 billion in net profit in the 4th quarter

Meta delighted Wall Street on Thursday with $40 billion in revenue in the fourth quarter of 2023, of which it generated $14 billion in net profit, thanks to the budgetary discipline put in place in 2023 and new artificial intelligence tools to advertisers.

Also readMeta: Sheryl Sandberg cuts her ties a little more with the multinational

Its results, which exceeded analysts' estimates, caused its stock to jump by more than 12% during electronic trading after the close of the New York Stock Exchange.

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