The company said total revenue for Q1 2024 was $36.46 billion, up 27% from a year earlier. It linked the increase to higher advertising revenue, and said ad impressions rose 20% and the average price per ad rose 6%.

10-QQuarterly reportFiled Apr 25, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said total revenue for Q1 2024 was $36.46 billion, up 27% from a year earlier. It linked the increase to higher advertising revenue, and said ad impressions rose 20% and the average price per ad rose 6%.
Meta said its Reality Labs (RL) segment reduced its overall operating profit by approximately $3.85 billion in Q1 2024. The company said it expects RL operating losses to increase meaningfully in 2024.
Meta said cash, cash equivalents and marketable securities were $58.12 billion as of March 31, 2024, down $7.28 billion from December 31, 2023. The company cited share repurchases of Class A common stock of $15.01 billion and capital expenditures of $6.72 billion as factors in the decrease.
The company said it repurchased 34 million shares of Class A common stock for $14.64 billion in Q1 2024 and retired them. It said the remaining authorized repurchase amount as of March 31 was $66.40 billion. The company also paid its first cash dividend of $0.50 per share, for a total of $1.27 billion.

Key figures

Quarter ended March 31, 2024

Revenue: $36.5B
Operating income: $13.8B
Net income: $12.4B
EPS: $4.71
Operating cash flow: $19.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2024 Revenue and Ad Metrics

The company said total revenue for Q1 2024 was $36.46 billion, up 27% from a year earlier. It linked the increase to higher advertising revenue, and said ad impressions rose 20% and the average price per ad rose 6%.

Source · Based on the MD&A text of the filing

Reality Labs Operating Impact and Outlook

Meta said its Reality Labs (RL) segment reduced its overall operating profit by approximately $3.85 billion in Q1 2024. The company said it expects RL operating losses to increase meaningfully in 2024.

Source · Based on the MD&A text of the filing

Changes in Cash and Marketable Securities

Meta said cash, cash equivalents and marketable securities were $58.12 billion as of March 31, 2024, down $7.28 billion from December 31, 2023. The company cited share repurchases of Class A common stock of $15.01 billion and capital expenditures of $6.72 billion as factors in the decrease.

Source · Based on the MD&A text of the filing

Share Repurchases and First Cash Dividend

The company said it repurchased 34 million shares of Class A common stock for $14.64 billion in Q1 2024 and retired them. It said the remaining authorized repurchase amount as of March 31 was $66.40 billion. The company also paid its first cash dividend of $0.50 per share, for a total of $1.27 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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