Meta to Announce Q4 Earnings as AI Spending Surges to $65 Billion in 2025
CEO Mark Zuckerberg outlines ambitious AI investments, including a massive data center and expanded AI teams, ahead of record earnings expectations.
- Meta is set to report Q4 2024 earnings on Wednesday, with analysts projecting $47 billion in revenue and $6.75 earnings per share, reflecting strong year-over-year growth.
- CEO Mark Zuckerberg announced plans to invest up to $65 billion in AI initiatives for 2025, a significant increase from an estimated $38–$40 billion in 2024.
- Meta's AI expansion includes building a data center with over two gigawatts of capacity and increasing its GPU count to 1.3 million by the end of 2025.
- The company plans to grow its AI teams significantly, aiming to lead in AI innovation with its Llama 4 model and AI assistant serving over 1 billion users.
- Meta's stock recently hit an all-time high of $647.49, driven by optimism in AI advancements, cost discipline, and revenue growth across its platforms.