The company said its total revenue for Q3 2024 was $40.59 billion, up 19% from a year earlier, due to higher advertising revenue. It said ad impressions in the same quarter rose 7% and average price per ad rose 11%.

1. 01

   The company said its total revenue for Q3 2024 was $40.59 billion, up 19% from a year earlier, due to higher advertising revenue. It said ad impressions in the same quarter rose 7% and average price per ad rose 11%.

2. 02

   Meta Platforms said net income for the 3 months ended September 30, 2024 was $15.69 billion, with diluted earnings per share of $6.03, and its effective tax rate was 12%.

3. 03

   The company said Reality Labs reduced its overall operating profit by about $12.76 billion in the 9 months ended September 30, 2024. It also said it continues to expect Reality Labs operating losses to increase meaningfully in 2024.

4. 04

   The company said cash, cash equivalents, and marketable securities were $70.90 billion as of September 30, 2024, up $5.50 billion from December 31, 2023. It said it generated $63.34 billion in operating cash flow over the 9 months, and spent $33.93 billion on share repurchases and dividends and $24.39 billion on capital expenditures.

Key figures

Quarter ended September 30, 2024

Revenue

$40.6B

Operating income

$17.4B

Net income

$15.7B

EPS

$6.03

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.

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.