Q4 2024 Meta Platforms Inc Earnings Call Transcript
Key Points
- Meta Platforms Inc (META) reported a strong Q4 2024 with total revenue of $48.4 billion, up 21% year over year.
- The company has more than 3.3 billion daily active users across its family of apps, indicating strong user engagement.
- Meta AI is expected to reach over 1 billion users, positioning it as a leading AI assistant with a focus on personalization.
- The company is making significant investments in AI infrastructure, including a new data center with a capacity of up to 2 gigawatts.
- Meta Platforms Inc (META) is seeing strong growth in its ad revenue, particularly in the online commerce vertical, with a 21% increase year over year.
- Meta Platforms Inc (META) faces high expenses, with Q4 total expenses reaching $25 billion, driven by infrastructure and employee compensation costs.
- The Reality Labs segment reported an operating loss of $5 billion, highlighting ongoing challenges in this area.
- The company anticipates significant capital expenditures in 2025, ranging from $60 billion to $65 billion, which could impact profitability.
- Meta Platforms Inc (META) is navigating a complex regulatory landscape, particularly in the EU and US, which could affect its business operations.
- The monetization of Meta AI is still in its early stages, with the company focusing on building a strong consumer experience before exploring revenue opportunities.
Good afternoon. My name is Krista and I will be your conference operator today.
At this time, I would like to welcome everyone to the Meta's fourth-quarter and full year 2024 earnings conference call. (Operator Instructions)
And this called will be recorded.
Kenneth Dorell, Meta's Director of Investor Relations, you may begin.
Thank you. Good afternoon and welcome to Meta Platform's fourth-quarter and full year 2024 earnings conference call.
Joining me today to discuss our results are Mark Zuckerberg, CEO; and Susan Li, CFO.
Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. (technical difficulty) Earnings press release and in our quarterly report on Form 10-Q filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of
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