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Meta stock jumps after hours on Q4 revenue beat, share buyback plans

Yahoo Finance Video

Yahoo Finance's Seana Smith reports on how Meta stock is trading after hours following the Facebook parent company's Q4 earnings results.

Video transcript

SEANA SMITH: All right, Dan, sorry to cut you off here. We just want to jump in with Meta earnings because they are out. So let's get to the numbers here. Taking a look at the stock reaction, look at that, up just about 12% here. Revenue coming in stronger than expected, 32.17 billion. The estimate on the Street was for 31.65 billion. Facebook daily active users also better than expected, just at 2 billion flat. The estimate was for 1.98 billion. First quarter revenue forecast here from Meta, revenue coming in at-- they expect to see revenue of 26 to 28 and 1/2 billion. That was just in line with what the Street was looking for at 27.25 billion.

Another big headline here, $40 billion boost to the share buyback authorization here with the company. And again, you're looking at the stock here, popping after-hours, up just about 12%. Monthly active users a slight miss there for Meta, 2.96 billion. The estimate was for 2.98 billion. So a slight miss there monthly active users. But again, the huge revenue number, 32.17 billion, and also the fact that Meta announcing a $40 billion boost in the share buyback authorization, some of the reasons why we are seeing the stock jump so significantly here in after-hours trading.

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