- #13, 31, 33, 50, 80, 93
Meta Platforms beats by $0.51, beats on revs; guides Q1 revs above consensus; FY24 total expense guidance unchanged at $94-$99 bln, CapEx guidance of $30-$37 bln, up $2.0 bln at high end; Initiates quarterly dividend of $0.50/share, also announces $50 bln increase to share repurchase program.
- Reports Q4 (Dec) earnings of $5.33 per share, $0.51 better than the FactSet Consensus of $4.82; revenues rose 24.7% year/year to $40.11 bln vs the $39.12 bln FactSet Consensus.
- Facebook daily active users (DAUs) -- DAUs were 2.11 billion on average for December 2023, an increase of 6% year-over-year.
- Ad impressions delivered across Family of Apps increased by 21% year-over-year and the average price per ad increased by 2% year-over-year.
- Co issues upside guidance for Q1, sees Q1 revs of $34.5-$37.0 bln vs. $33.93 bln FactSet Consensus.
- Initiates Dividend: META declares a cash dividend of $0.50 per share of our outstanding common stock (including both Class A common stock and Class B common stock), payable on March 26, 2024 to stockholders of record as of the close of business on February 22, 2024.
- Also announces $50 bln increase to share repurchase program.
- FY24 Expense and CapEx Guidance: Guides for FY24 total expenses of $94-$99 bln, unchanged from prior outlook. CapEx of $30-$37 bln, a $2 billion increase of the high end of prior range. META expects growth will be driven by investments in servers, including both AI and non-AI hardware, and data centers as it ramps up construction on sites with previously announced new data center architecture.
