Q4 24 EPS
$8.02
BEAT +18.67%
Est. $6.76
Q4 24 Revenue
$48.39B
BEAT +2.96%
Est. $46.99B
vs S&P Since Q4 24
-30.8%
TRAILING MARKET
META -11.7% vs S&P +19.1%
Full Year 2024 Results
FY 24 EPS
$23.86
FY 24 Revenue
$164.50B
Market Reaction
Did META Beat Earnings? Q4 2024 Results
Meta Platforms delivered a blowout fourth quarter, with earnings per share of $8.02 beating the $6.76 consensus estimate by 18.67% and revenue of $48.38 billion edging past expectations by 2.96% while climbing 20.6% year-over-year. The standout drive… Read more Meta Platforms delivered a blowout fourth quarter, with earnings per share of $8.02 beating the $6.76 consensus estimate by 18.67% and revenue of $48.38 billion edging past expectations by 2.96% while climbing 20.6% year-over-year. The standout driver was the company's advertising engine, which generated $46.78 billion in Q4 revenue, up 21% from a year ago, fueled by a 6% rise in ad impressions and a 14% increase in average price per ad, all while the Family of Apps segment posted a 60% operating margin. Net income reached $20.84 billion, up 49% year-over-year, as the overall operating margin expanded to 48% from 41% a year prior. With 3.35 billion daily active people across its family of apps and free cash flow of $13.15 billion in the quarter alone, Meta enters 2025 from a position of financial strength, though it is guiding Q1 revenue of $39.50 billion to $41.80 billion amid a roughly 3% foreign currency headwind, while projecting capital expenditures of $60.00 billion to $65.00 billion for the full year as generative AI investment accelerates.
Key Takeaways
- • Ad impressions delivered across Family of Apps increased 6% year-over-year in Q4
- • Average price per ad increased 14% year-over-year in Q4
- • Family daily active people (DAP) was 3.35 billion, up 5% year-over-year
- • Favorable impact of $1.55 billion from decrease in accrued losses for certain legal proceedings in Q4
META YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
META Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continue to make good progress on AI, glasses, and the future of social media. I'm excited to see these efforts scale further in 2025.”
— Mark Zuckerberg, Q4 2024 Earnings Press Release
META Earnings Trends
META vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
META EPS Trend
Earnings per share: estimate vs actual
META Revenue Trend
Quarterly revenue: estimate vs actual
META Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $6.66 | $10.44 | +56.79% | $56.31B | +1.36% |
| Q4 25 BEAT FY | $8.22 | $8.88 | +8.00% | $59.89B | +2.43% |
| FY Full Year | — | $23.49 | — | $200.97B | — |
| Q3 25 BEAT | $6.70 | $7.25 | +8.20% | $51.24B | +3.75% |
| Q2 25 BEAT | $5.90 | $7.14 | +20.97% | $47.52B | +5.98% |
| Q1 25 BEAT | $5.22 | $6.43 | +23.11% | $42.31B | +2.30% |
| Q4 24 BEAT FY | $6.76 | $8.02 | +18.67% | $48.39B | +2.96% |
| FY Full Year | — | $23.86 | — | $164.50B | — |
| Q3 22 MISS | $1.89 | $1.64 | -13.23% | $27.71B | +1.12% |