Unveiling Meta's Q4 2024 Financial Triumph: Revenue Soars

Meta Achieves Record Q4 2024 Revenue and User Growth with Strong Financial Performance

Meta, formerly known as Facebook, reported exceptional financial performance in the fourth quarter of 2024, surpassing market expectations with record-breaking revenue and profit figures. The company demonstrated robust growth across key metrics while announcing ambitious AI investment plans for 2025.

Q4 2024 Financial Results

Meta reported a Q4 revenue of $48.39 billion, a notable 21% increase year-over-year, exceeding analyst expectations. Net income also saw a significant rise of 49% to $20.84 billion, resulting in earnings per share of $8.02. The operating margin improved to 48%, representing a 7 percentage point increase from the previous year. Ad impressions showed positive momentum with a 6% growth compared to the same period last year.

User Growth

Meta's family of apps, including Facebook, Instagram, and WhatsApp, continued to expand their user base. The company reported 3.35 billion daily active users across its platforms in December 2024, demonstrating a 5% year-over-year increase.

Future Investment Plans

Looking ahead to 2025, Meta announced significant capital expenditure plans ranging from $60-65 billion, primarily focusing on AI data center development. For the first quarter of 2025, the company projects revenue between $39.5-41.8 billion, indicating an anticipated growth of 8-15% year-over-year. Meta CEO, Mark Zuckerberg, outlined plans for a massive 2-gigawatt+ data center project, with aims to achieve 1GW of capacity online in 2025.

Competition in the AI Sector

Meta faces new challenges in the AI space, particularly from Chinese competitor DeepSeek. Despite this competition, Meta remains optimistic about its core business investments driving strong revenue growth throughout 2025.

For more information, you can visit Meta's official website here.