Meta Platforms (META) reported earnings of $5.33 per share and revenues of $40.1 billion in Q4, exceeding analysts' expectations.

The company's sales for the quarter saw a 25% year-on-year growth, with profitability rising by 203%.

Meta announced its intention to distribute its first dividend, with a 50 cents per share dividend to be distributed on March 26.

 The company's revenues for the current quarter are expected to fall within the range of $34.5 billion to $37 billion.

 Meta's Reality Labs business, dedicated to developing the metaverse, generated over $1 billion in revenue for the first quarter.

Meta's Family of Apps produced revenue of $21 billion in the quarter, compared to $10.7 billion in the fourth quarter of 2022.

 Meta reported a year-end staff count of 67,317 in 2023, representing a 22% decrease compared to the beginning of the year.

 Meta's stock value increased by 1.2% during Thursday's trading session, reaching a closing price of 394.78.