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Meta
🇺🇸 NASDAQ:META
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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.

Total Revenue
$48.4B
Previous year: $40.1B
+20.6%
EPS
$8.02
Previous year: $5.33
+50.5%
Daily Active People
3.35B
Previous year: 3.19B
+5.0%
Ad impressions increase
6%
Previous year: 21%
-71.4%
Average price per ad
14%
Previous year: 2%
+600.0%
Gross Profit
$39.5B
Previous year: $32.5B
+21.7%
Cash and Equivalents
$43.9B
Previous year: $41.9B
+4.8%
Free Cash Flow
$13.2B
Previous year: $11.5B
+14.3%
Total Assets
$276B
Previous year: $230B
+20.2%

Meta

Meta

Meta Revenue by Segment

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

Company Overview

Full financial data and analysis

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