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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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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