Strong Financial Growth
- Total Revenue: $165.0B (↑ 27% YoY from $130.3B in 2023)
- Operating Income: $69.4B (↑ 62% YoY from $42.8B in 2023)
- Net Income: $62.4B (↑ 69% YoY from $36.8B in 2023)
- Diluted EPS: $23.42 (↑ 69% YoY from $13.86 in 2023)
Quarterly Revenue Trend
- Steady growth in revenue throughout the year, with a strong Q4 performance.
Performance by Business Segment
- Family of Apps (FoA):
- Revenue: $162.3B (↑ 27% YoY)
- Operating Income: $87.1B (↑ 47% YoY)
- Reality Labs:
- Revenue: $2.1B (↑ 47% YoY)
- Operating Loss: $17.7B (↑ 18% YoY loss)
Key Takeaways
- Meta saw a significant increase in revenue, profitability, and earnings per share.
- FoA continues to be the dominant revenue driver, contributing the majority of Meta’s income.
- Reality Labs revenue grew by 47%, but losses widened to $17.7B, highlighting ongoing investment in the Metaverse and AR/VR.
- Overall, strong financial performance, with continued expansion in digital advertising and AI-driven growth.
