Summary
Meta Platforms, Inc. (META) reported strong first-quarter 2017 financial results, demonstrating significant year-over-year growth. Revenue surged by 49% to $8.03 billion, primarily driven by a 51% increase in advertising revenue. Daily Active Users (DAUs) grew 18% to 1.28 billion, and Monthly Active Users (MAUs) increased 17% to 1.94 billion, highlighting continued user engagement and platform expansion. The company maintained healthy profitability with net income reaching $3.06 billion, leading to diluted EPS of $1.04. Despite substantial investments in research and development and infrastructure, operating income grew significantly, reflecting efficient scaling. Meta Platforms ended the quarter with a robust cash position of $32.31 billion in cash and marketable securities, underscoring its strong financial health and capacity for future investments and strategic initiatives.
Financial Highlights
48 data points| Revenue | $8.03B |
| Cost of Revenue | $1.16B |
| Gross Profit | $6.87B |
| R&D Expenses | $1.83B |
| Operating Expenses | $4.71B |
| Operating Income | $3.33B |
| Net Income | $3.06B |
| EPS (Basic) | $1.06 |
| EPS (Diluted) | $1.04 |
| Shares Outstanding (Basic) | 2.89B |
| Shares Outstanding (Diluted) | 2.94B |
Key Highlights
- 1Revenue increased by 49% year-over-year to $8.03 billion, primarily driven by a 51% increase in advertising revenue.
- 2Daily Active Users (DAUs) reached 1.28 billion, an 18% increase year-over-year.
- 3Monthly Active Users (MAUs) grew to 1.94 billion, a 17% increase year-over-year.
- 4Net income was $3.06 billion, with diluted Earnings Per Share (EPS) of $1.04.
- 5Total costs and expenses increased by 39% to $4.71 billion, with significant investments in R&D (up 37%) and infrastructure.
- 6The company maintained a strong liquidity position, with $32.31 billion in cash and marketable securities as of March 31, 2017.
- 7Capital expenditures were $1.27 billion for the quarter, reflecting ongoing investments in infrastructure.