It reported sales of $48.4 billion and earnings of $8.02 per share, compared to the consensus estimates of $47.0 billion and $6.77, respectively.

Meta delivered fantastic results for Q4 2024. The company increased earnings per share for the quarter by 50% year over year, reaching $8.02. The figure well exceeded Wall Street's expectations of $6.76 per share. Sales for the company hit $48.4 billion, beating the expected $47 billion.

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.

Meta stock is gaining ground Thursday after the social media giant reported strong earnings, but what does Wall Street have to say? We take a look here.