SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Surpasses Market Expectations with Strong Q4 Earnings

Meta Platforms Inc. (NASDAQ: META) is a leading technology company known for its popular social media platforms, Facebook and Instagram. The company recently reported its fourth-quarter earnings for 2024, surpassing market expectations. Meta achieved earnings per share (EPS) of $8.02, exceeding the analyst estimate of $6.76. The company’s revenue for the quarter reached $48.39 billion, surpassing the anticipated $46.99 billion.

Meta’s strong performance is largely attributed to advancements in artificial intelligence (AI), which have significantly bolstered its core advertising business. The Family of Apps, which includes Facebook, Instagram, WhatsApp, and Messenger, generated total revenue of $47.3 billion, marking a year-over-year increase from $39 billion. Advertising revenue, a crucial component, rose to $46.8 billion, supported by AI technologies that improved ad impressions and increased the average price per ad by 6% and 14%, respectively.

Despite the impressive revenue figures, Meta’s Reality Labs segment, which focuses on metaverse and augmented reality innovations, experienced static revenue growth at $1.08 billion. The operating loss for this segment widened to $4.97 billion. This aligns with Meta’s strategy of investing heavily in AR/VR solutions for long-term gains, despite current financial pressures. The company’s net income for the quarter was approximately $20.84 billion, while its gross profit stood at about $39.55 billion.

Meta effectively managed its costs, with expenses rising by 5% to $25 billion for the quarter, within the guidance range of $96-98 billion for 2024. The cost of revenue for Meta was approximately $8.84 billion. The company continues to navigate regulatory challenges in the EU and US, maintaining a focus on strategic adaptation. Before taxes, Meta’s income was about $23.55 billion, and it incurred an income tax expense of approximately $2.72 billion.

Looking ahead, Meta projects first-quarter 2025 revenue between $39.5 billion and $41.8 billion, reflecting confidence in its core business growth driven by AI innovations. Expenses for 2025 are expected to rise significantly to $114-119 billion, with capital expenditures increasing to $60-65 billion, supporting AI infrastructure expansion. Investors should watch the impact of AI on advertising and user engagement, as well as the progress of Reality Labs in AR and VR technologies.

To view the company’s most recent earnings release, visit https://ibn.fm/577gc

About Meta

Meta builds technologies that help people connect, find communities and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. For more information, visit the company’s website at https://investor.FB.com

About SocialMediaRelations

SocialMediaRelations (“SMR”) is a dynamic communications platform with a focus on public and private companies in the transformative social media space. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, SMR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, SMR brings its clients unparalleled recognition and brand awareness. SMR is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from SocialMediaRelations, text “SMR” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.SocialMediaRelations.com

Please see full terms of use and disclaimers on the SocialMediaRelations website applicable to all content provided by SMR, wherever published or re-published: https://www.SocialMediaRelations.com/Disclaimer

SocialMediaRelations
Los Angeles, CA
www.SocialMediaRelations.com
310.299.1717 Office
Editor@SocialMediaRelations.com

SocialMediaRelations is powered by IBN