Meta FY2024

[image error]Strong Financial GrowthTotal 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 TrendSteady growth in revenue throughout the year, with a strong Q4 performance.Performance by Business SegmentFamily 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 TakeawaysMeta 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.

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