🌀 Meta Platforms (NASDAQ:META) demonstrates yet again why it stands as a leader in the tech world. In Q3 2024, the company reached $40.59 billion in revenue, an 18.7% increase from last year. Advertising revenue surged to $39.89 billion, growing 18.6% year over year. The average revenue per person (ARPP) climbed 12.4% to $12.29, the second-highest figure in company history, emphasizing Meta’s effectiveness in monetizing its user base.
📈 User growth across Meta’s platforms is equally impressive. Monthly active users across its family of apps hit 3.29 billion, a 4.8% increase year over year. Threads, the company’s new social platform, has thrived in a competitive space, now boasting 275 million monthly active users. With 1 million new users joining daily, Threads capitalizes on shifts in user behavior and platform preferences.
💡 Meta’s profitability remains robust. In Q3 2024, net income rose 35.4% year over year to $15.69 billion, while operating cash flow increased to $24.72 billion, growing by over $4 billion compared to last year. Even adjusted for working capital, cash flows remained strong, showcasing Meta’s financial discipline and operational excellence.
🔍 Meanwhile, Reality Labs, Meta’s ambitious augmented reality project, reported a $4.43 billion operating loss this quarter. However, revenue in this division grew to $270 million, signaling potential for long-term success. Meta’s strategy reflects its ability to invest in groundbreaking innovation while maintaining profitability in its core businesses.
💵 Shareholder returns are a testament to Meta’s financial strength. By Q3 2024, the company had repurchased $30.13 billion in stock and issued $3.80 billion in dividends. Since 2021, Meta has returned $126.19 billion to shareholders, reflecting its ability to grow while rewarding investors generously.
What do you think about it? Tag me on your favourite social media (Facebook / Instagram / LinkedIn / Reddit / X).
Want to improve your investing/trading skills? Book your coaching session now! https://calendly.com/maxim-sherstobitov
Unlock exclusive content and insider tips—join my Patreon and secure a special LIMITED TIME offer: https://www.patreon.com/maximsherstobitov
IMPORTANT: I’m not a licensed financial advisor, and this information isn’t financial advice. The content on this website is for educational purposes only and doesn’t take into account your investment goals, financial situation, or personal needs. Do your own research before making any decisions.