JUST IN: $META REPORTED EARNINGS EPS of $8.88 beating expectations of $8.19🟢 Revenue of $59.9B beating expectations of $58.5B🟢

$META Platforms Q4’25 Earnings Highlights

🔹 Revenue: $59.89B (Est. $58.42B) 🟢; UP +24% YoY

🔹 EPS: $8.88 (Est. $8.19) 🟢; UP +11% YoY

🔹 Operating Income: $24.75B; UP +5.9% YoY

🔹 Daily Active People (DAP): 3.58B; UP +7% YoY

🔹 FY26 CapEx: $115B–$135B (Est. $110.62B) 🟢

Guide:

🔹 Q1 Revenue: $53.5B–$56.5B (Est. $51.27B) 🟢

🔹 FY26 Total Expenses: $162B–$169B

Q4 Segment:

🔹 Advertising Revenue: $58.14B (Est. $56.79B) 🟢

🔹 Family of Apps Revenue: $58.94B (Est. $57.47B) 🟢

🔹 Family of Apps Operating Income: $30.77B (Est. $30.0B) 🟢

🔹 Reality Labs Revenue: $955M (Est. $962.7M) 🔴

🔹 Reality Labs Operating Loss: ($6.02B) (Est. Loss $5.8B) 🔴

Other Metrics:

🔹 Ad Impressions: UP +18% YoY

🔹 Avg. Price per Ad: UP +6% YoY

🔹 Costs & Expenses: $35.15B; UP +40% YoY

🔹 Operating Margin: 41%

🔹 Net Income: $22.77B; UP +9% YoY

🔹 Cash Flow from Ops: $36.21B

🔹 Free Cash Flow: $14.08B

🔹 Share Repurchases: Nil

🔹 Dividend & Equivalents: $1.34B

🔹 Cash, Cash Equivalents & Marketable Securities: $81.59B

🔹 Long-Term Debt: $58.74B

🔹 Headcount: 78,865; UP +6% YoY

Commentary:

🔸 “We had strong business performance in 2025.” – CEO Mark Zuckerberg

🔸 “I’m looking forward to advancing personal superintelligence for people around the world in 2026.”

🔸 “We expect first quarter 2026 total revenue to be in the range of $53.5-56.5 billion.”

🔸 “We expect full year 2026 total expenses to be in the range of $162-169 billion.”

🔸 “We anticipate 2026 capital expenditures… to be in the range of $115-135 billion…”

🔸 “Despite the meaningful step up in infrastructure investment, in 2026 we expect to deliver operating income that is above 2025 operating income.”

🔸 “We continue to monitor legal and regulatory headwinds in the EU and the U.S. that could significantly impact our business and financial results.”