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Meta Platforms:Quarterly Results/2024 Q1: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q1 (view source)
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== Results == | |||
Here are the Q1 2024 numbers<ref>https://s21.q4cdn.com/399680738/files/doc_financials/2024/q1/Meta-03-31-2024-Exhibit-99-1_FINAL.pdf</ref>: | |||
* Revenue rose by 27% y/y to $36.46 billion, in-line with management upper guidance and above analysts’ estimate of $36.14 billion. | |||
* Earnings per share was $4.71 versus analysts’ estimate of $4.31 while operating margin rose to 38% from 25% a year ago. | |||
* The average Family daily active people (DAP) rose 7% y/y to 3.24 billion (analysts’ estimate: 3.21 billion). | |||
* Meta is guiding Q2 2024 revenue in the range of $36.5-39 billion (analysts’ estimate: $38.2 billion or +25.9% y/y), updating its 2024 total expenses to a range of $96-99 billion from $94-99 billion due to higher infrastracture and legal costs and 2024 capex to a range of $35-40 billion from $30-37 billion due to continued scale up in its AI infrastracture. | |||
== Earnings Call Summary == | |||
== Management Guidance and Analysts' Estimate == | == Management Guidance and Analysts' Estimate == | ||