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Dec 31, 2024
Meta Q4 2024 Earnings Report
Meta reported strong Q4 2024 results, driven by growth in revenue and ad impressions.
Key Takeaways
Meta's Q4 2024 revenue reached $48.39 billion, a 21% increase year-over-year. Net income also saw a significant rise to $20.84 billion, up 49% compared to the previous year. The company's focus on AI and the metaverse continues to shape its strategic direction.
Revenue increased by 21% year-over-year to $48.39 billion.
Net income grew by 49% year-over-year to $20.84 billion.
Diluted earnings per share (EPS) increased by 50% to $8.02.
Family daily active people (DAP) reached 3.35 billion in December, a 5% increase year-over-year.
Meta
Meta
Meta Revenue by Segment
Revenue by Segment
Family of Apps Revenue
CapyFin.comReality Labs Revenue
CapyFin.com Forward Guidance
Meta expects Q1 2025 total revenue to be in the range of $39.5-41.8 billion, representing 8-15% year-over-year growth. Full year 2025 total expenses are expected to be in the range of $114-119 billion, with capital expenditures between $60-65 billion.
Positive Outlook
- Investments in the core business are expected to drive strong revenue growth throughout 2025.
- Constant currency growth is projected to be 11-18% year-over-year for Q1 2025.
- The investments in AI efforts are expected to contribute positively.
- Full year 2025 tax rate to be in the range of 12-15%.
- Increase in the estimated useful life to 5.5 years of certain servers and network assets, effective beginning fiscal year 2025, will reduce full year 2025 depreciation expense by approximately $2.9 billion.
Challenges Ahead
- Foreign currency is expected to be an approximately 3% headwind to year-over-year total revenue growth.
- Infrastructure costs are expected to be the single largest driver of expense growth in 2025.
- Employee compensation is expected to be the second-largest factor of expense growth.
- Active regulatory landscape, including legal and regulatory headwinds in the EU and the U.S., could significantly impact business and financial results.
- Impact of macroeconomic conditions on our business and financial results, including as a result of geopolitical events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income