Meta Platforms Inc.
Meta Announces Fourth Quarter and Full Year 2023 Financial Results and Initiates Quarterly Dividend
Summary
On February 1, 2024, Meta Platforms, Inc. reported its financial results for the quarter and full year ended December 31, 2023, revealing a 25% increase in revenue for the quarter and a 16% increase for the full year. The company also announced a share repurchase program increase of $50 billion and declared a cash dividend of $0.50 per share for stockholders of record as of February 22, 2024, payable on March 26, 2024. Meta also disclosed its intention to pay a cash dividend on a quarterly basis going forward, subject to market conditions and approval by its board of directors.
Profitelligence Alerts
Get alerts for META
Be first to know when Meta Platforms Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Meta Platforms Inc.
Meta Platforms Inc., commonly known as Meta, is a leading technology conglomerate focused on building integrated social media and technology solutions. The company owns and operates several pivotal platforms such as Facebook, Instagram, WhatsApp, and Oculus, which serve billions of users globally, making it a cornerstone in the digital communication and social networking industries. Meta is renowned for its continuous innovation in connecting people and businesses through its expansive suite of applications and services. A defining feature of Meta is its ambitious development of the metaverse, a virtual reality space where users can interact in a computer-generated environment, highlighting the company's commitment to pioneering new forms of digital interaction. Meta plays a significant role in digital marketing as one of the largest advertising platforms, providing businesses with tools to reach targeted audiences. This positions Meta as a crucial player in shaping the future of digital communication, social interaction, and virtual environments on a global scale.
Official SEC Documents
Advertisement