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Meta Platforms (META)
NASDAQ:META
Holding META?
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$6.73Last Year’s EPS
$5.33Same Quarter Last Year
Strong Buy
Based on 44 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 0.72%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong revenue growth, increased user engagement, and successful AI and hardware innovations. However, these were partially offset by increased expenses and significant operating losses in Reality Labs.Company Guidance
During the Meta Q3 2024 earnings call, the company provided several key metrics and guidance for the future. Total revenue for the quarter was reported at $40.6 billion, marking a 19% increase year-over-year, while total expenses rose by 14% to $23.2 billion. The operating income was $17.4 billion, resulting in a 43% operating margin, and net income was $15.7 billion or $6.03 per share. Notably, Meta's daily active users across its Family of Apps surpassed 3.2 billion, and ad revenue reached $39.9 billion, growing by 19%. Capital expenditures were highlighted at $9.2 billion, with expectations for further significant growth in 2025. The company anticipates Q4 2024 revenue to be between $45 billion and $48 billion, and expenses for the full year are projected at $96 to $98 billion. Meta is also heavily investing in AI and reality labs, with AI-driven advancements contributing to an 8% increase in time spent on Facebook and a 6% increase on Instagram.Strong Revenue Growth
Q3 total revenue was $40.6 billion, up 19% or 20% on a constant currency basis.
User Engagement Increase
There are now more than 3.2 billion people using at least one of Meta's apps daily. Time spent on Facebook increased by 8% and on Instagram by 6% this year.
AI and Llama Adoption
Meta AI now has more than 500 million monthly actives. Llama token usage has grown exponentially this year. Meta AI improvements led to significant increases in engagement.
Ad Revenue and Pricing
Q3 Family of Apps ad revenue was $39.9 billion, up 19% or 20% on a constant currency basis. Average price per ad increased by 11% due to improved ad performance and increased advertiser demand.
Innovations in Reality Labs
Revenue for Reality Labs was $270 million, up 29%, driven by hardware sales such as Ray-Ban meta glasses and the new Quest 3S mixed reality headset.
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META Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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META Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $591.32 | $567.12 | -4.09% |
| Jul 31, 2024 | $474.00 | $496.86 | +4.82% |
| Apr 24, 2024 | $492.14 | $440.17 | -10.56% |
| Feb 01, 2024 | $393.28 | $473.18 | +20.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Meta Platforms (META) report earnings?
Meta Platforms (META) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Meta Platforms (META) earnings time?
Meta Platforms (META) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is META EPS forecast?
META EPS forecast for the fiscal quarter 2024 (Q4) is $6.73.
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