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 |
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 nine months ended 30 September 2024, Meta Platforms Inc revenues increased 22% to $116.12B. Net income before extraordinary items increased 68% to $42.24B. Revenues reflect Reality Labs segment increase of 29% to $1.06B, Asia-Pacific segment increase from $15.84B to $32.52B, United States and Canada segment increase of 19% to $43.91B, Europe segment increase of 22% to $26.76B. |
Employees: | 72,404 as of Sep 30, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,403,016M as of Sep 30, 2024 |
Annual revenue (TTM): | $156,226M as of Sep 30, 2024 |
EBITDA (TTM): | $78,059M as of Sep 30, 2024 |
Net annual income (TTM): | $56,832M as of Sep 30, 2024 |
Free cash flow (TTM): | $48,446M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,524,488,533 as of Oct 25, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |