Capex for 2025 totaled $72 billion amid an AI arms race that’s spooked investors but Meta shares are doing well after market close with the stock up about 10% on the q4 numbers and 2026 forecasts.
The company said it expects higher operating income this year versus last despite the higher capex. The company’s latest open-source AI software version, Llama 4, launched last year.
Users, or what Meta calls daily active people (Dap), across its platforms was in line with expectations at 3.58 billion on average, up 7%. Meta is the parent of Facebook, Instagram, WhatsApp and Messenger.
Advertising was solid with increases in impressions delivered across platforms and average price per ad up, respectively, 18% and 6% for the quarter ended in December.
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