Meta said earnings per share were up annually by 50% to $8.02, versus Wall Street’s consensus estimate of $6.76.

The trajectory for most of our long-term initiatives is going to be a lot clearer by the end of this year,' said CEO Mark Zuckerberg.

Meta Platforms is expected to report its fourth-quarter results after the closing bell on Wednesday, with analysts mostly bullish on the tech giant's ability to build on a strong 2024.