Published on 25 Apr 2024 on GuruFocus.com via Yahoo Finance
Meta Platforms Inc (META) Surpasses Q1 2024 Earnings Expectations with Robust Revenue Growth
Revenue: $36.455 billion, up 27% year-over-year, surpassing estimates of $36.148 billion.Net Income: $12.369 billion, an increase of 117% year-over-year, exceeding estimates of $11.320 billion.Earnings Per Share (EPS): $4.71, up 114% from the previous year, surpassing the estimated $4.32.Operating Margin: Improved to 38% from 25% in the previous year.Free Cash Flow: Reported at $12.53 billion, reflecting robust financial health.Capital Expenditures: Totaled $6.72 billion, indicating ongoing significant investments in infrastructure and technology.Headcount: Decreased by 10% year-over-year to 69,329, aligning with operational efficiency efforts.
Warning! GuruFocus has detected 4 Warning Sign with META.