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Meta Platforms Stock Investors Just Got Fantastic News from CEO Mark Zuckerberg
['Danny Vena', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
While many companies are looking for ways to profit from artificial intelligence (AI), Meta Platforms (META 0.63%) has flipped the narrative on its head.
The numbers tell the taleFor the fourth quarter, Meta generated revenue that grew 24% year over year to $59.9 billion.
CEO Mark Zuckerberg revealed that Meta has been reaping the benefits of its foray into AI.
Expand NASDAQ : META Meta Platforms Today's Change ( -0.63 %) $ -4.24 Current Price $ 668.73 Key Data Points Market Cap $1.7T Day's Range $ 666.10 - $ 677.68 52wk Range $ 479.80 - $ 796.25 Volume 26M Avg Vol 19M Gross Margin 82.00 % Dividend Yield 0.31 %Another development that was music to the ears of shareholders was comments from CFO Susan Li.
Meta continues to be one of the clearest examples of using AI to boost results in near real time.