$META FY24 Q4 Earnings Call Summary

Summary from Finstory

Meta demonstrated exceptional financial performance with Q4 revenue up 21% to $48.4B and strong 48% operating margin. The Family of Apps segment led growth with $47.3B revenue, while Facebook surpassed 3 billion monthly active users and Threads reached 320 million.

Looking forward, Meta projects Q1 2025 revenue of $39.5B-$41.8B and plans significant investments with total 2025 expenses of $114B-$119B. Cost efficiency initiatives include optimized infrastructure and automated ad systems, with Advantage+ shopping campaigns hitting $20B annual run rate.

The company is aggressively pursuing AI leadership through three pillars: mass consumer adoption targeting 1 billion Meta AI users, technological advancement with Llama 4, and substantial infrastructure investments including new AI data centers.

Meta maintains its long-term vision of building the future of human connection, with 2024 marked as a crucial year for Metaverse development, creator economy growth, and strategic R&D expansion, particularly in AI and Reality Labs.