Enitan Denloye’s Post

Today, we at Meta are pleased to share our first quarter 2024 financial results, showcasing a strong start to the year and promising momentum across our platforms. Here are some key highlights: 📈 Financial Highlights: Revenue reached $36.46 billion, up 27% year-over-year, with income from operations at $13.82 billion, up 91%. 🌐 Operational Success: Our Family of Apps saw robust growth, with 3.24 billion daily active people in March 2024, and a 20% increase in ad impressions. 💸 Capital Returns: We executed share repurchases of $14.64 billion and paid $1.27 billion in dividends. 🔮 Outlook: Anticipating second quarter revenue between $36.5-39 billion, with continued investments in #AI and #infrastructure. 📈 Segment Results: Family of Apps revenue was $36.02 billion, while Reality Labs contributed $440 million. For more detailed information on our financial results and outlook, you can access the full press release here: https://lnkd.in/d4RSs_yv We're excited about the opportunities ahead and remain committed to delivering value for our community, shareholders, and partners. #FinancialResults #Q1Earnings #BusinessGrowth #FutureOutlook

We at Meta are pleased to share our first quarter 2024 financial results, showcasing a strong start to the year and promising momentum across our platforms. Here are some key highlights: 📈 Financial Highlights: Revenue reached $36.46 billion, up 27% year-over-year, with income from operations at $13.82 billion, up 91%. 🌐 Operational Success: Our Family of Apps saw robust growth, with 3.24 billion daily active people in March 2024, and a 20% increase in ad impressions. 💸 Capital Returns: We executed share repurchases of $14.64 billion and paid $1.27 billion in dividends. 🔮 Outlook: Anticipating second quarter revenue between $36.5-39 billion, with continued investments in #AI and #infrastructure. 📈 Segment Results: Family of Apps revenue was $36.02 billion, while Reality Labs contributed $440 million. For more detailed information on our financial results and outlook, you can access the full press release here: https://lnkd.in/d4RSs_yv We're excited about the opportunities ahead and remain committed to delivering value for our community, shareholders, and partners.

Are you following the latest news in the finance world? If not, you might have missed Meta's recent first-quarter earnings report that shook up the market. Let's dive into the details and see how Meta's CEO, Mark Zuckerberg, plans to steer the ship in the coming months. #Disappointing #Drops #Estimates #hours #outlook #revenue #stock #surpassing

Meta had announced their second quarter results, in general, the overall outlook for Meta appears positive due to its revenue growth, strong user engagement, and focus on innovative products and technologies. Also, the company's emphasis on the metaverse and immersive experiences could position it well for the future. However, challenges such as increasing expenses and regulatory pressures should also be carefully considered. There is a strong push back overall with many governments, organisations and individuals calling for a slower growth in AI. Meta is also expecting increasing expenses in the areas of investments across both data centers and servers, particularly in support of AI work. There would also be a growth in payroll expenses as the workforce composition has shifted towards higher cost technical roles, all part of the Year of Efficiency, where Meta is focusing on returning to a more optimal ratio of engineers to other roles Hmmmmmm.......... 💭

🚀 Decoding META Technology Platforms' Q4 Triumph: A Financial Analyst's Deep Dive! 📊 Excited to unravel the financial saga behind Meta's outstanding Q4 performance! 📈💼 Strategic Financial Maneuvers: Meta not only surpassed analyst expectations but made strategic moves that caught the financial world's attention. A whopping $5.33 adjusted EPS on a $40.11 billion revenue – talk about making a statement! 💰💼 Shareholder Bonanza: What stole the spotlight? Meta's decision to boost stock buybacks by $50 billion and initiate a quarterly dividend of $0.50 per share. A clear signal that the company is keen on rewarding its investors while maintaining a robust financial position. 📈💸 Projections Beyond Expectations: Looking forward, Meta's Q1 revenue projection of $34.6 billion-$37 billion is not just ambitious but surpasses analysts' forecasts, indicating a bullish outlook for the company. 🚀📈 Navigating Challenges in Reality Labs: Despite challenges in the Reality Labs division, responsible for bringing the metaverse vision to life, Meta's resilience shines through. Even with a loss of $4.65 billion, the division exceeded revenue expectations, surpassing $1.07 billion against an expected $812 million. A testament to the company's long-term vision. 👓🌐 Innovation Amidst Competition: While competitors make strides, Meta's commitment to innovation is evident. CEO Mark Zuckerberg's push for generative AI aligns with a broader, long-term strategy. In a landscape where innovation is the key to sustainability, Meta is boldly positioning itself for the future. 🤖🌐 Financial Landscape in 2024: As a financial analyst, the outlook for 2024 is intriguing. Meta forecasts expenses between $94 billion-$99 billion, emphasizing a focus on AI features. The company's readiness to adapt to changing landscapes, reflected in rising payroll costs, showcases a commitment to staying at the forefront of technology. 💼💡 Market Leadership and Future Prospects: Meta's phenomenal 121% surge in shares over the last 12 months, coupled with market capitalization consistently surpassing the $1 trillion mark, solidifies its market leadership. A stellar performance outshining tech giants like Apple, Google, Microsoft, and Amazon. 📈🌍 Kudos to Daniel Howley and Yahoo Finance for providing insightful coverage on Meta's financial acumen and forward-thinking approach! 🙌💡 Excited to witness how these strategic financial moves shape the company's trajectory in the ever-evolving tech landscape. #FinancialAnalysis #MetaEarnings #InnovationLeadership

“It’s been a good start to the year.” - Meta's Q1 2024 results are in. Meta's revenue grew at +27% YoY to $36.5 Billion, with income from operations at $13.82 billion, up +91%. Here are 6 reasons why we remain the top choice for businesses looking to drive growth in 2024 📈 🌎 We continue to see strong engagement across our apps, and estimate that more than 3.2 billion people use at least one of our apps each day. 🚀 Our investments in AI continue to pay off for advertiser performance. Revenue flowing through our AI-powered tools, Advantage+ Shopping and Advantage+ App Campaigns, has more than doubled since last year. 🎞️ On Instagram, Reels alone now makes up about 50% of time spent within the app. 👍 About 30% of the posts on Facebook feed are delivered by our AI recommendation system. That's up 2x over the last two years! And for the first time ever, more than 50% of the content people see on Instagram is AI recommended. 🤖 The initial rollout of Meta AI is going well, and tens of millions of people have already tried it. Over the long term, we believe that eventually, every business on our platform will use a business AI to help customers buy things and get customer support. 🧵 Threads continues to see good traction and now has more than 150 million monthly actives. For more detailed information on our financial results and outlook, you can access the full press release here: https://lnkd.in/d4RSs_yv These results were made possible by the strength of our partners, communities we serve and teams working at Meta. Proud to be part of it!

Incase you missed it, Meta's Q2 earnings were released last week and below are the key headlines: - Q2’23 total revenue was $32 billion, up 11% or 12% on a constant currency basis. - Q2’23 Total Family of Apps revenue was $31.7 billion, up 12% year over year. - In Q2, the total number of ad impressions served across our services increased 34% and the average price per ad decreased 16%. - Facebook daily active users (DAU) were 2.06 billion, up 5% or 96 million compared to last year. - Almost all our advertisers are using at least one of our AI-driven products in our Meta Advantage suite - Threads reached 100 million sign ups in only 5 days. - Reels plays exceeded 200 billion per day across Facebook and Instagram. - We’re seeing more than 3/4 of our advertisers now use Reels ads. Full earnings report can be found here -

Meta‘s Q4 earnings are a testament to all the work within the community and with the partners globally. Revenue looks $40.11 billion in Q4 2023 and $134.90 billion for FY 2023, an increase of 25% and 16% year-over-year for the fourth quarter and full year 2023. This journey is 1% finished. https://lnkd.in/eKSs8MgD

#Meta Reports Fourth Quarter and Full Year 2023 Results; Initiates Quarterly Dividend Revenue – Revenue was $40.11 billion and $134.90 billion, an increase of 25% and 16% year-over-year for the fourth quarter and full year 2023, respectively. Had foreign exchange rates remained constant with the same periods of 2022, revenue would have been $816 million and $374 million lower, an increase of 22% and 15% on a constant currency basis for the fourth quarter and full year 2023, respectively. Family monthly active people (MAP) – MAP was 3.98 billion as of December 31, 2023, an increase of 6% year-over-year. Facebook daily active users (DAUs) – DAUs were 2.11 billion on average for December 2023, an increase of 6% year-over-year. #Facebook monthly active users (MAUs) – MAUs were 3.07 billion as of December 31, 2023, an increase of 3% year-over-year. Meta https://lnkd.in/dakWFgF5