Meta shares are rising after the company reported fourth-quarter results that beat expectations.

Meta's fourth-quarter earnings per share were $8.88 and revenue was $59.89 billion, topping market forecasts of $8.23 and $58.59 billion, respectively. Revenue rose 24 percent from a year earlier.

Meta also raised expectations by giving first-quarter revenue guidance of $53.5 billion to $56.5 billion. Meta's daily active users in the fourth quarter were about 3.58 billion, in line with Wall Street estimates.

Meta forecast 2026 total costs of up to $169 billion, with capital expenditures of up to $135 billion, about 180 trillion won. That is nearly double $72.2 billion in 2025.

The company explained that expanding AI infrastructure centered on the Meta Superintelligence Lab is a major reason for the cost increase.

Meta CEO Mark Zuckerberg (마크 저커버그) said, "We will introduce a new AI model within a few months." He said, "We will continuously release new models within the year and expand the boundaries of technology."

The company overhauled its AI organization last year and invested $14.3 billion in AI startup Scale AI, bringing in key personnel including founder Alexander Wang (알렉산더 왕). Based on that, it plans to unveil 'Avocado', the follow-on model to Llama 4, in the first half.