Meta Platforms Inc (OQ:META)
Business Focus: Social Media & Networking
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 Meta Way MENLO PARK CA 94025 |
| Tel: | N/A |
| Website: | https://www.meta.com |
| IR: | See website |
| Key People | ||
| Mark Zuckerberg Chairman of the Board, Chief Executive Officer, Founder | Susan J. Li Chief Financial Officer | Nick Clegg President, Global Affairs |
| Javier Olivan Chief Operating Officer | Andrew Bosworth Chief Technology Officer | Jennifer G. Newstead Chief Legal Officer |
| Christopher K. Cox Chief Product Officer | David M. Wehner Chief Strategy Officer | |
| Business Overview |
| Meta Platforms, Inc. builds technology that helps people connect and share, find communities, and grow businesses. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, and wearables. It operates through two segments: Family of Apps (FoA) and Reality Labs (RL). The FoA segment includes Facebook, Instagram, Messenger, Threads and WhatsApp. The RL includes augmented, mixed and virtual reality related consumer hardware, software, and content. Instagram is a place where people and creators can connect and express themselves through photos, video, and private messaging, and discover and shop from their favorite businesses. Threads is an application for text-based updates and public conversations. Its RL product offerings in VR include Meta Quest devices, and software and content available through the Meta Quest Store, which enable a range of social experiences. |
| Financial Overview |
| For the three months ended 31 March 2024, Meta Platforms Inc revenues increased 27% to $36.46B. Net income increased from $5.71B to $12.37B. Revenues reflect Reality Labs segment increase of 30% to $440M, Asia-Pacific segment increase of 41% to $10.31B, United States and Canada segment increase of 19% to $13.65B, Europe segment increase of 24% to $8.4B. Net income benefited from Family of Apps segment income increase of 57% to $17.66B. |
| Employees: | 69,329 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,159,033M as of Mar 31, 2024 |
| Annual revenue (TTM): | $142,711M as of Mar 31, 2024 |
| EBITDA (TTM): | $67,262M as of Mar 31, 2024 |
| Net annual income (TTM): | $45,757M as of Mar 31, 2024 |
| Free cash flow (TTM): | $48,264M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 2,536,534,191 as of Apr 19, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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