Meta reports Q4, full-year results with drastic increase in net income, revenue

SAN FRANCISCO, Feb. 1 (Xinhua) -- U.S. social media giant Meta Platforms, Inc. on Thursday reported its financial results for the fourth quarter and the full year ending Dec. 31, 2023, with drastic increases in net income and revenue.

The company posted a fourth quarter net income of 14.0 billion U.S. dollars, a 201 percent jump from 4.65 billion dollars in the same period in 2022, and a full-year net income of 39.1 billion dollars, up 69 percent from 23.2 billion dollars in the previous year.