Shares of Meta soared today after CEO Mark Zuckerberg declared 2021 to be the “Year of Efficiency” during the company’s fourth-quarter earnings call.

The social media giant reported fourth-quarter revenue of $21.2 billion, beating Wall Street expectations of $20.9 billion. Meta’s shares rose nearly 20% after the announcement.

Analysts praised Zuckerberg’s decision to focus on efficiency in the coming year. “It’s clear that Zuckerberg is listening to Wall Street and responding to investor concerns about the company’s long-term growth prospects,” said one analyst.

The company also reported full-year earnings of $87.4 billion, an increase of 23% from the previous year.

Zuckerberg noted that the company was able to achieve these results despite the challenges posed by the pandemic. “We are proud of the progress we have made in such a difficult year,” he said.

The company’s focus on efficiency is expected to continue into 2021, with Zuckerberg promising to invest in new technologies and products to help the company grow.

Meta’s strong fourth-quarter performance is a sign of the company’s resilience in the face of a challenging economic environment. Investors are optimistic that the company will be able to continue its success in the coming year.