Investing.com -- Meta Platforms reported Wednesday better-than-expected fourth-quarter results, but its revenue guidance for the current quarter fell just shy of analyst estimates.

Meta Platforms Inc (NASDAQ:META) was trading around the flatline in afterhours following the report.

For the three months ended Dec. 31, the company reported earnings of $8.02 a share on revenue of $48.39 billion. Analysts polled by Investing.com anticipated per-share income of $6.73 on revenue of $47.03B.

Family daily active people, or DAP, rose 5% to 3.35 billion on average for December 2024, from a year earlier.

For the first quarter, the company guided for total revenue to be in the range of $39.5B to $41.8B, or $40.65B at the midpoint, compared with estimates for $41.64B.

For the full-year total expenses were guided in the range of $114B to $119B, mostly driven by infrastructure costs. Full-year 2025 capital expenditures were expected in the range of $60B to $65B as company continues to spend on its generative AI efforts and core business.

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