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Meta Blows Past Q4 Expectations With Record Revenue and Profit as Zuckerberg Touts Massive AI Investment
Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.
The strong results come as the company is looking ahead to a massive increase in AI-fueled capital spending in 2025 — and as Meta CEO and chairman Mark Zuckerberg has been working to win the favor of President Trump, an erstwhile antagonist of the tech giant. He said Meta is building a 2-gigawatt+ data center “that is so large it would cover a significant part of Manhattan,” with plans to bring 1GW of capacity online in ’25 and ending the year with more than 1.3 million GPUs. Zuckerberg also recently announced his decision to end Meta’s fact-checking program(something Trump and other conservatives have complained about), saying, “It’s time to get back to our roots around free expression on Facebook and Instagram.”
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