Meta Earnings Top Estimates Amid Big Growth in AI Spending

1. Meta's Q4 earnings surpassed estimates with $48.39 billion in revenue. 2. Net income rose to $20.84 billion, exceeding last year's $14.02 billion. 3. Advertising revenue increased nearly 21% to $46.78 billion; AI spending set to rise. 4. Q1 revenue expectations range from $39.5 billion to $41.8 billion. 5. Shares increased nearly 2% after earnings report, up 73% over the past year.