Meta Platforms (META) shares were up more than 16% premarket Friday after it reported Q4 earnings late Thursday of $5.33 per diluted share, up from $1.76 a year earlier.
Analysts polled by Capital IQ expected $4.94.
Revenue for the quarter ended Dec. 31 was $40.11 billion, up from $32.17 billion a year earlier.
Analysts surveyed by Capital IQ expected $39.17 billion.
Meta said it expects Q1 revenue between $34.5 billion and $37.0 billion.
Analysts polled by Capital IQ expect $33.87 billion.
The company said its board initiated a quarterly dividend of $0.50 per share, payable on March 26 to shareholders of record on Feb. 22. Meta also said it plans to pay a quarterly dividend going forward, subject to market conditions and board approval.