Early Access

10-QPeriod: Q1 FY2025

Meta Platforms, Inc. Quarterly Report for Q1 Ended Mar 31, 2025

Filed May 1, 2025For Securities:META

Summary

Meta Platforms, Inc. reported strong financial results for the first quarter of 2025, with total revenue reaching $42.31 billion, a 16% increase year-over-year, primarily driven by robust advertising revenue. Income from operations grew by 27% to $17.56 billion, demonstrating operational leverage. The company's Family of Apps segment continues to be the primary growth engine, with advertising revenue up 16%, supported by a 5% increase in ad impressions and a 10% rise in average price per ad. Despite a challenging regulatory environment and increased investments in AI and Reality Labs, Meta maintained healthy profitability and cash flow. Key financial highlights include a significant increase in cash generated from operations, reaching $24.03 billion. The company also continued its capital return program by repurchasing $13.40 billion of its Class A common stock and increased its quarterly dividend by 5%. However, the Reality Labs segment reported an operating loss of $4.21 billion, underscoring the long-term, high-investment nature of the metaverse initiative. Investors should monitor the company's ability to navigate ongoing regulatory scrutiny and capitalize on AI advancements while managing investments in emerging technologies.

Financial Highlights

48 data points
Beta

Revenue

$42.31B

0.8% Gross Margin

Net Income

$16.64B

0.4% Net Margin

EPS (Diluted)

$6.43

Total Assets

$280.21B

Cash & Equivalents

$28.75B

Free Cash Flow

$11.09B

Financial Statements
Beta
Revenue$42.31B
Cost of Revenue$7.57B
Gross Profit$34.74B
R&D Expenses$12.15B
Operating Expenses$24.76B
Operating Income$17.55B
Net Income$16.64B
EPS (Basic)$6.59
EPS (Diluted)$6.43
Shares Outstanding (Basic)2.53B
Shares Outstanding (Diluted)2.59B

Key Highlights

  • 1Total revenue increased 16% year-over-year to $42.31 billion, driven by a 16% rise in advertising revenue.
  • 2Income from operations grew 27% year-over-year to $17.56 billion, with an operating margin of 41%.
  • 3Family of Apps (FoA) revenue increased 16% to $41.90 billion, with ad impressions up 5% and average price per ad up 10% year-over-year.
  • 4Reality Labs (RL) segment reported an operating loss of $4.21 billion, a 9% increase in loss compared to the prior year period.
  • 5Net income rose to $16.64 billion, or $6.43 per diluted share.
  • 6Capital expenditures were $13.69 billion, and the company repurchased $13.40 billion of its Class A common stock.
  • 7Cash, cash equivalents, and marketable securities stood at $70.23 billion as of March 31, 2025.

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