• The company reported 2 billion daily active users—an increase of 4% year-over-year and more than the 1.99 billion expected.
  • Meta reported revenue of $32.2 billion in the fourth quarter, 4.5% less than the $33.7 billion reported in the same period last year but above the roughly $31.5 billion analysts were forecasting.
  • Meta stock futures spiked 18% immediately after the announcement; shares have plunged 53% over the past year, far more than the tech-heavy Nasdaq’s 19% decline.