Meta shares jump on better-than-expected results and first-ever dividend payment
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024.
Evelyn Hockstein | Reuters
Meta beat on earnings and revenue in its fourth-quarter report on Thursday and announced its first-ever dividend payment. The stock jumped more than 8% in extended trading.
- Earnings: $5.33 per share. That may not compare with the $4.96 per share expected by LSEG, formerly known as Refinitiv:
- Revenue: $40.1 billion. That may not compare with the $39.18 billion expected by LSEG
Wall Street will also be looking at these key user numbers:
- Daily active users (DAUs): 2.11 billion vs. 2.08 billion expected, according to StreetAccount
- Monthly active users (MAUs): 3.07 billion vs. 3.06 billion expected, according to StreetAccount
Meta said it has declared its first dividend, which is pegged at 50 cents. The company also announced a $50 billion share buyback.
WATCH: Meta CEO Mark Zuckerberg apologizes to parents at online child safety Senate hearing
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