Meta Expects Higher Infrastructure-Related Costs In FY24, Expects Depreciation Expenses In 2024 To Increase By A Larger Amount Than 2023
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms Inc. anticipates higher infrastructure-related costs in the fiscal year 2024. The company also expects its depreciation expenses in 2024 to increase by a larger amount than in 2023.
October 25, 2023 | 8:22 pm
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Meta's announcement of higher infrastructure costs and increased depreciation expenses for FY24 could potentially impact its profitability.
Increased costs and depreciation expenses can reduce a company's net income, which may negatively impact its stock price. Investors may perceive this as a sign of financial instability, leading to a potential decrease in the stock's value.
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