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Fb mum or dad firm Meta generated $164.5 billion in income throughout its reportable segments in 2024, making a complete revenue of just about $62.4 billion for the 12 months.
This marked a 22% income improve over 2023 and a sizeable 59% improve in revenue regardless of rising bills.
Meta’s monetary report famous that its household of apps – pertaining to Fb, Messenger, Instagram, WhatsApp and different companies – generated $162.4 billion in income, up from $133 billion in 2023.
And as of the tip of 2024, the corporate’s headcount had grown by 10% year-on-year to 74,067 folks.
Just about minded
Of Meta’s full-year income, 29.4% was generated in the course of the fourth quarter, equating to $48.4 billion. The corporate made greater than $20.8 billion in revenue over that very same interval, accounting for 33.3% of the total 12 months’s complete.
Meta’s VR, AR and blended actuality section particularly contributed nearly $1.1 billion in the direction of the fourth quarter’s income however made a lack of nearly $5 billion in operations.
This was throughout Meta’s {hardware}, software program and content material initiatives for the section, including new context to the discontinuation of the Meta Quest Professional.
Meta’s Combined Actuality Labs beforehand misplaced $4.4 billion in Q3.
Meta’s CFO Susan Li did predict that Actuality Labs would see vital will increase in working losses for 2024 as a complete on account of its ongoing product improvement and ecosystem enlargement.
Finally, the section noticed an operational lack of $17.7 billion for the total 12 months, although marginally elevated its income to $2.1 billion – versus $1.9 billion in 2023.
Commenting on the corporate’s financials extra broadly, Meta founder and CEO Mark Zuckerburg stated: “We proceed to make good progress on AI, glasses, and the way forward for social media. I am excited to see these efforts scale additional in 2025.”
