On Wednesday after the bell, Meta (NASDAQ:META) reported fourth-quarter results, where it topped forecasts for revenues, profit, and users. Q4 revenues grew 21% year-over-year to $48.39B, easily topping analyst consensus for $46.

Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.

Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties